Earnings

Home Depot (HD) Q1 2021 earnings crush estimates

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Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021.

David Paul Morris | Bloomberg | Getty Images

Home Depot on Tuesday crushed Wall Street’s earnings estimates as consumers’ splurging on their homes lingers more than a year into the coronavirus pandemic.

Shares of Home Depot rose more than 2% in premarket trading. The stock has risen more than 20% this year, giving it a market value of $344 billion as of Monday’s close.

Here’s what the company reported for the three months ended May 2 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $3.86 vs. $3.08…



Source cnbc.com

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