Home Depot roars back the second quarter

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ATLANTA (AP) - Home Depot is roaring back from a slow start to the year, topping all expectations and raising its revenue and profit projections for the year.

Shares in the home-improvement chain jumped about 3 percent before the opening bell Tuesday.

The Atlanta company's second-quarter profit hit $3.51 billion, or $3.05 per share. That a much bigger per-share profit than the $2.84 that Wall Street was looking for, according to analysts surveyed by Zacks Investment Research.

Revenue of $30.46 billion edged out expectations as well.

The Home Depot Inc. raised full-year earnings expectations to $9.42 per share after miserable weather cut into its business during the first quarter.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD

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