Home Depot posted quarterly earnings and revenue that beat estimates. Sales got a boost from the company's acquisition of SRS Distribution, along with hurricane-related repairs and warmer-than-usual weather in much of the U.

Home Depot raised its annual same-store sales forecast on Tuesday, betting on resilient demand from professional contractors to offset weak spending on bigger projects such as kitchen renovations.

Home Depot reported decent revenue growth for Q3 thanks, in part, to hurricane activity, but it experienced a decline in net earnings.

Home Depot narrowed 2024 guidance early Tuesday after beating earnings and sales estimates for the third quarter. Home Depot stock fell in a buy area. The home improvement store giant is now guiding a 1% decline in adjusted earnings per share for the full year vs.

Home Depot raises outlook on home-improvement materials, partially driven by damage caused by Hurricanes. The company expects future benefits from hurricane-related repairs, but not big ticket remodeling,