Earning News Sends Home Depot Stock Higher

May 22, 2013
Originally published on May 22, 2013 9:29 am
Copyright 2018 NPR. To see more, visit http://www.npr.org/.


NPR's business news starts with Home Depot raising the roof.

Home Depot got a boost from the housing recovery in its first-quarter net income. It rose 18 percent; that exceeds expectations. The company acknowledged yesterday that while cool and wet spring weather had a negative impact on some of Home Depot's seasonal business, its core business stayed strong.

Home Depot's stock price rose by 2.5 percent with the news. Transcript provided by NPR, Copyright NPR.