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Home Depot Stock Trades Near $335 After Strong Q2 Earnings Beat

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Home Depot's stock price has stabilized around $335 after a solid second-quarter earnings beat and strong tariff refunds.

The company reported adjusted earnings per share of $4.92, exceeding Wall Street's expectations of $4.73, with sales rising 5.7 percent for the period.

Home Depot received $730 million in tariff refunds related to IEEPA claims, which management has said are being used to offset unplanned and rising cost pressures across the year.

The company reaffirmed its full-year earnings guidance of $14.69 to $15.28 per share, with analysts on average expecting Home Depot to generate $14.99 in earnings per share for the current fiscal year.

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