The Home Depot (NYSE: HD) reported sales of $28.3 billion for the first quarter of 2020, up 7.1% from the year-ago period. Comparable sales rose 6.4%, and comparable sales in the US rose 7.5%.
Net income was $2.2 billion, or $2.08 per share, compared to $2.5 billion, or $2.27 per share, last year.
Due to the uncertainty surrounding the COVID-19 pandemic, the company is suspending its fiscal 2020 guidance.
The IPO market witnessed a boom in 2020, despite the pandemic weakening the macro environment. Many tech companies have witnessed a blockbuster listing this year and few more tech firms
Micron Technology Inc. (NASDAQ: MU) reported strong earnings and revenue growth for the fourth quarter of 2020, benefitting from the pandemic-driven digital transformation spree. However, the company's stock dropped during
Mobile game company Zynga Inc. (NASDAQ: ZNGA) has seen its stock gain 49% since the beginning of this year. The company registered strong results in the first half of 2020