The Home Depot, Inc. (NYSE:HD) shows positive quarterly results

1244

Dallas, Texas 08/22/2013 (Financialstrend) – In the recently released quarterly results of The Home Depot, Inc. (NYSE:HD), the retailer had managed to present strong results and had sent some sense of relief to the shareholders. Further, the recent recovery in the housing markets had also enabled the retailer to present higher level of revenues and earnings for the quarter. It had been reported that the company had presented net earnings at $1.24 per share for the second quarter of fiscal year 2013, compared to the earnings at $1.01 per share for the same quarter of previous year. The quarterly sales had been reported to be at $22.5 billion, which was observed to be an increase of 9.5% over the previous quarter.

The analysts had been expecting that The Home Depot, Inc. (NYSE:HD) would present revenues at $21.8 billion and earnings at $1.21 per share for the second quarter. Further, the comparable store sales had reported to have increased by 10.7 percent and the comparable store sales in the US had increased by 11.4 percent for the second quarter.

Shares of The Home Depot, Inc. (NYSE:HD) were observed to have presented significant loss of 0.75% on Wednesday to close the trading session at $73.73 per share. Further it was noted that the intraday prices for the stock had been fluctuating in the range of $73.43 to $75.33 per share. The stock had proved effective to attract around 10.79 million trades in its shares on Wednesday, while the average volume of trading for this stock is at 6.60 million shares. The stock had moved through the past 52 weeks of trading to record the lowest price at $56.12 and highest price at $81.56 per share. The company presently holds around 1.46 billion shares being traded in the markets with a market cap of $107.72 billion.