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

Number of Hedge Fund Holders: 75

The Home Depot, Inc. (NYSE:HD) came into the spotlight this morning after beating profit and sales expectations for its fiscal second quarter. The Atlanta-based home improvement retailer reported earnings of $5.05 per share, up from $4.53 per share in the same period of 2021.

Revenue for the quarter rose 6.5 percent on a year-over-year basis to $43.8 billion. Analysts expected The Home Depot, Inc. (NYSE:HD) to report earnings of $4.95 per share on revenue of $43.4 billion.

Shares of The Home Depot, Inc. (NYSE:HD) slightly moved up after the opening bell today following its Q2 results.

The Home Depot, Inc. (NYSE:HD) also reaffirmed its financial outlook for the full year. The company expects its earnings per share to grow in the mid-single digits and revenue to grow 3 percent on a year-over-year basis.