Home Depot reported first-quarter revenue of $41.77 billion, exceeding estimates, while EPS of $3.43 surpassed analyst expectations.
Home Depot posted first-quarter revenue of $41.77 billion, a 4.8% year-over-year increase, beating the $41.52 billion estimate. Earnings per share declined 3.7% to $3.43 but exceeded the $3.41 forecast.
Same-store sales fell short of expectations, and the company maintained its outlook amid rising bond yields. Analysts lowered the price target to $360 from $420, citing higher mortgage rates weighing on housing-related stocks.
Shares rose modestly after the report, recovering from an initial decline, as investors focused on the earnings beat despite broader market pressures.