The Home Depot (NYSE: HD) reported second-quarter financial results before the opening bell on Tuesday. The home improvement company reported a 23% increase in Q2 revenues to $38.1 billion, beating the Wall Street consensus. Net earnings of $4.02 per share also handsomely surpassed what analysts had anticipated.
HD shares rose 2.3% immediately following the announcement. The stock has increased by 32% so far this year.
Home Depot also announced a quarterly dividend of $1.50 per share, payable on September 17, 2020, to shareholders as on September 3, 2020.
