Home Depot reported decent revenue growth for Q3 thanks, in part, to hurricane activity, but it experienced a decline in net earnings.

Amid record-breaking profits posted by listed companies in the third quarter (Q3) of 2024, the Nigerian stock market has shown

The home-improvement retailer raised its guidance following strong third-quarter sales as demand rose for grills and paint. Hurricane preparations in the Southeast also provided a bump.

Home Depot rose after the home-improvement retailer posted quarterly earnings that topped analysts’ expectations, and hiked full year outlook. Third-quarter adjusted earnings were $3.78 a share, above the $3.

Home Depot raised guidance after sales came in higher than expected in the third quarter as weather around the country normalized and demand rose for certain home projects.

Home Depot said earnings for the three months ending in October were pegged at $3.78 per share, down 1.8% from the same period last year but 13 cents ahead of the Wall Street cons