Home Depot’s earnings shoot up by 86%

Home Depot signage

Home Depot has managed to stay afloat despite the nosedive its shares had experienced due to the global COVID-19 pandemic.

The home improvement company declared a net profit of $37.5 billion, exceeding the first-quarter expectations of experts.

Home Deport’s shares in the stock markets surged and sold at $3.86, causing an 86% increase in its net profit.

Home Depot confirmed that even in the face of the economic issues in the U.S, there has been an increase in the demand for its products which are used for building and renovating houses.

Finance analysts have predicted that Home Depot’s shares will stay bullish for a long while and the company will record an additional 20% increase in sales by the second quarter.

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Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

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Business Stance

Business Stance

Business Stance is dedicated to ensuring that every Nigerian comfortably stays one step ahead with an in-depth view of the global financial markets.

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