CNBC: Home Depot crushes estimates – sales jump 32.7% as customers rang up bigger purchases

CNBC reports:

– Home Depot crushed Wall Street’s estimates for its fiscal first-quarter earnings and revenue.

– The retailer has gotten a boost to sales over the last year during the coronavirus pandemic.

– Home Depot hasn’t released an outlook for fiscal 2021.

Home Depot on Tuesday crushed Wall Street’s earnings estimates as consumers’ splurging on their homes lingers more than a year into the coronavirus pandemic.

Shares of Home Depot rose more than 2% in premarket trading. The stock has risen more than 20% so far this year, giving it a market value of $344 billion, as of Monday’s close….

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