The top U.S. home improvement retailer's shares, up 18% this year, rose 2% in premarket trading as it posted a smaller-than-expected drop in third-quarter comparable sales.

Strom damage across the Southeast accounted for higher sales to contractors, and the chain also forecast stronger results as mortgage rates drop.

Shares of Home Depot (HD) tick higher in Tuesday's pre-market trading after the company posted an earnings beat in the third quarter and raised its guidance for the full year. Home Depot saw $40.2 billion in sales in the quarter,

Home Depot shares were modestly lower by midday Tuesday after its third-quarter results came in above estimates and the retailer also lifted fiscal 2024 sales projections.

Home Depot HD0.59%increase; green up pointing triangle raised its guidance following strong third-quarter sales as customers snapped up grills and other outdoor products, and prepared for hurricanes in the Southeast. Revenue climbed 6.6% to $40.22 billion ...

Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending. Shares of the top U.

Home Depot said comparable sales declined 1.3% for the quarter through October, better than analysts’ expectations, after adverse weather propped up demand for home-improvement materials. Drew Reading of Bloomberg Intelligence has more on Bloomberg Television.

The home-improvement retailer said sales came in higher than expected in the third quarter as weather around the country normalized and as demand rose for certain home projects.