Home improvement retailer The Home Depot, Inc. (NYSE: HD) has reported better-than-expected results for the fiscal first quarter ended May 1, 2022. Following the upbeat earnings, shares of the company rose almost 1.7% to close at $301.25 in Tuesday’s extended trading session. Revenue & Earnings Home Depot reported net sales of $38.91 billion for the quarter, up 3.8% from the previous year. Further, the figure topped the consensus estimate of $36.72 billion. The rise in net sales can be attributed to the 2.2% and 1.7% year-over-year growth witnessed in overall comparable sales and U.S. comparable sales, respectively. Earnings per share (EPS) for the quarter came in at $4.
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