RTTNews | Aug 17, 2021 10:28AM EDT

10:28 Tuesday, August 17, 2021 (RTTNews.com) - Shares of Home Depot Inc. (HD) are slipping over 5% on Tuesday morning after the home improvement retailer reported second-quarter results.

HD is currently trading at $318.07, down $16.98 or 5.07%, on the NYSE. The stock has traded between $246.59 and $345.69 in the 52-week period.

Home Depot second-quarter profit rose to $4.81 billion or $4.53 per share from $4.33 billion or $4.02 per share last year. Analysts polled by Thomson Reuters had expected earnings of $4.43 per share. Analysts' estimates typically exclude special items.

The home improvement retailer's revenues for the quarter rose 8.1% to $41.12 billion from $38.05 billion last year. Comparable sales for the quarter increased 4.5 percent, and comparable sales in the U.S. increased 3.4 percent. Analysts had a consensus revenue estimate of $40.73 billion.

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