5 Stocks in the Limelight After Releasing Their Financial Results

1. The Home Depot, Inc. (NYSE:HD)

Number of Hedge Fund Holders: 68

Shares of The Home Depot, Inc. (NYSE:HD) turned green in the pre-market trading session on Tuesday, May 17, 2022, following an upbeat financial performance for the first quarter. The home improvement retailer reported earnings of $4.09 per share, up from $3.86 per share in the comparable period of 2021.

In addition, The Home Depot, Inc. (NYSE:HD) posted revenue of $38.91 billion, up 3.8 percent on a year-over-year basis. The results surpassed analysts’ average estimate of $3.68 per share for earnings and $36.72 billion for revenue.

For fiscal 2022, The Home Depot, Inc. (NYSE:HD) expects its earnings per share to grow in the mid-single digits and revenue to grow about 3 percent.

Praising the results, CEO Ted Decker said in a statement:

“Fiscal 2022 is off to a strong start as we delivered the highest first quarter sales in Company history. The solid performance in the quarter is even more impressive as we were comparing against last year’s historic growth and faced a slower start to spring this year.”

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