Updates
** Home improvement firm Home Depot's HD.N shares reverse their premarket fall, and are up 3% at $393
** Co posts surprise rise of 0.8% in comparable sales, compared with analysts' estimate of a 1.87% drop - data compiled by LSEG
** Customer transactions jump 7.6% from last year, while the average ticket increase 0.3%,
** However, co forecasts annual comparable sales to grow 1%, below analysts' expectations of 1.7% growth
** Co is navigating a weak housing market and high interest rates amid signs of U.S. consumers becoming more cautious
** Peer Lowe's LOW.N shares also up 2% after falling about 2% premarket after HD's earnings release
** HD stock rose 12.25% in 2024
(Reporting by Aamir Sohail in Bengaluru)
((Aamir.Sohail@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.