Home Depot's Second Quarter Beats Expectations

On Tuesday, Home Depot Inc reported second-quarter sales that beat Wall Street estimates and revised its earnings forecast for the year. The company was boosted by a rebound in demand for seasonal merchandise and as more shoppers made purchases.
Shares of the No. 1 U.S. home improvement chain have been up 25 percent in the past 12 months. Reuters reports that they rose nearly 1 percent to $196 in premarket trading.