Home Depot announces $15 billion stock buyback as same-store sales slip 2%


Home Depot Inc.’s stock swung between gains and losses early Tuesday after the home-improvement retailer’s second-quarter earnings fell, but still beat estimates, it backed its guidance and announced a $15 billion share buyback program.

The Atlanta-based company HD posted net income of $4.659 billion, or $4.65 a share, for the quarter, down from $5.173 billion, or $5.05 a share, in the year-ago period. Sales fell to $42.916 billion from $43.792 billion a year ago.


This article was originally published by Marketwatch.com. Read the original article here.

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