India, May 20 -- Home Depot Inc. reported Tuesday weak first-quarter profit below market estimates, while sales grew from last year and beat the Street view with slightly higher comparable sales in the U.S. Further, the home improvement retailer maintained its fiscal 2025 guidance, expecting weak earnings, but higher sales and comparable sales.
In the pre-market activity on the NYSE, Home Depot shares were gaining around 3.5 percent to trade at $392.50.
Ted Decker, chair, president and CEO, said, "Our first quarter results were in line with our expectations as we saw continued customer engagement across smaller projects and in our spring events. We feel great about our store readiness and product assortment as spring continues to break ac...