Why Home Depot Stock Jumped Today

Why Home Depot Stock Jumped Today

Shares of Home Depot (NYSE: HD) popped today after the company reported better-than-expected second-quarter results and reaffirmed its full-year guidance. Investors were happy with Home Depot's second-quarter revenue, which increased 6.5% from the year-ago quarter to $43.8 billion and beat analysts' consensus estimate of $43.4 billion. Home Depot also reported solid same-store sales growth of 5.8% in the quarter, beating analysts' consensus expectation of 4.9%.