Home Depot Beats Earnings Expectations, Raises 2024 Outlook, Stock Surges

Home Depot Inc. (HD) stock is soaring in pre-market trading after the home improvement retailer exceeded its third-quarter earnings estimates and lifted its full-year 2024 outlook. The company reported strong sales growth, driven by improved weather conditions and hurricane-related demand, despite a slight decline in comparable sales. Home Depot’s optimistic outlook for the coming year signals continued confidence in the home improvement market.

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