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Earning News Sends Home Depot Stock Higher

NPR
Wednesday, May 22, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

Home Depot got a boost from the housing recovery. Its first quarter net-income rose 18 percent, exceeding expectations. The company acknowledged that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong.

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news starts with Home Depot raising the roof.

Home Depot got a boost from the housing recovery in its first-quarter net income. It rose 18 percent; that exceeds expectations. The company acknowledged yesterday that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong.

Home Depot's stock price rose by 2.5 percent with the news. Transcript provided by NPR, Copyright NPR.

View this story on npr.org

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