5 Trending Stocks on Tuesday

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

Number of Hedge Fund Holders: 80

The Home Depot, Inc. (NYSE:HD) came into the limelight today after releasing financial results for its fiscal third quarter. The home improvement retailer reported earnings of $4.24 per share, up from $3.92 per share in the same period last year.

Revenue came in at $38.9 billion, representing a rise of 5.6 percent over the year-ago period. Analysts expected The Home Depot, Inc. (NYSE:HD) to earn $4.12 per share on revenue of $38 billion. Meanwhile, same-store sales increased 4.3 percent, above expectations of 3.1 percent.

The Home Depot, Inc. (NYSE:HD) also reiterated its financial outlook for 2022. It continues to expect comparable sales growth of about 3 percent and EPS growth in the mid-single digits.

Follow Home Depot Inc. (NYSE:HD)