Home Depot (NYSE:HD) turned around a premarket loss as investors focused back on the home improvement retailer's positive comparable sales mark. "The fact that US comparable sales are back in the black after declining for eight quarters or two years is a very clear win for Home Depot,

The Home Depot Inc. HD has reported fourth-quarter fiscal 2024 results, wherein earnings and sales surpassed the Zacks Consensus Estimate and improved year over year. HD surpassed fiscal fourth-quarter expectations with strong home improvement spending despite pressure on large remodels.

Home Depot earnings topped estimates for the January fiscal fourth quarter, but the home-improvement retailer's outlook for an earnings decline this year caught Wall Street off-guard. HD stock slid in early Tuesday stock market action,

Home improvement retail giant Home Depot (NYSE:HD) announced in Q4 CY2024, with sales up 14.1% year on year to $39.7 billion. Its non-GAAP profit of $3.13 per share was 2.8% above analysts’ consensus estimates.