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Earning News Sends Home Depot Stock Higher

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Earning News Sends Home Depot Stock Higher

Business

Earning News Sends Home Depot Stock Higher

Earning News Sends Home Depot Stock Higher

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  • <iframe src="https://www.npr.org/player/embed/185964708/185964701" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Home Depot got a boost from the housing recovery. Its first quarter net-income rose 18 percent, exceeding expectations. The company acknowledged that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong.

LINDA WERTHEIMER, HOST:

NPR's business news starts with Home Depot raising the roof.

Home Depot got a boost from the housing recovery in its first-quarter net income. It rose 18 percent; that exceeds expectations. The company acknowledged yesterday that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong.

Home Depot's stock price rose by 2.5 percent with the news.

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