Home Depot rises as quarterly sales beat estimates on steady demand

Shares of home improvement retailer Home Depot HD.N rise as much as 2.7% to $389.75 - highest since March

Co beats first-quarter sales estimates on steady demand

Posts quarterly sales of $39.86 billion vs analysts' estimates of $39.31 billion - data compiled by LSEG

Co maintains annual sales forecast for growth of 2.8%

Logs adjusted profit of $3.56 per share vs estimates of $3.60 per share

"Truist Card Data suggests that sales accelerated as weather improved, SRS will incrementally benefit comps by mid-2Q and we expect further sales and earnings gains as the year progresses," says Scot Ciccarelli, analyst with Truist Securities

Up to last close, stock was down 2.5% YTD