Home Depot (HD) Q2 2020 income top estimates

People are wearing protective face masks outside the Home Depot in the Flatiron neighborhood as the city reopens Phase 4 following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City.

Noam Galai | Getty Images

Home Depot on Tuesday reported that its quarterly sales rose 23% as consumers stood in-house during the coronavirus pandemic approach to home improvement.

Shares of the company rose 2.6% in premium trading.

Here is what the company reported for the fiscal second quarter compared to what Wall Street expected, based on a survey of analysts by Refinitiv:

  • EPS: $ 4.02 vs. $ 3.71 expected
  • Turnover: $ 38.05 billion vs. $ 34.53 billion expected

Home Depot reported fiscal net income in the second quarter of $ 4.33 billion, or $ 4.02 per share, up 25% from $ 3.48 billion, or $ 3.17 per share, a year earlier. Analysts surveyed by Refinitiv expected earnings per share of $ 3.71.

Net sales rose 23.4% to $ 38.05 billion, above expectations of $ 34.53 billion.

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