Home Depot Beats on Earnings as Housing Market Hints at Rebound

Home Depot (HD) posted first quarter results that beat analyst estimates. The company emerged from a tough winter to better than expected numbers and raised its outlook projection for 2015. The company posted earnings of $1.16 per share with revenue coming in at $20.89 billion. Sales were up 6.1 percent from last year's numbers. The home improvement retailer recently announced it will hire over 80,000 workers to keep up with demand in the spring season. The company has increased it's 2015 growth forecast as the latest housing data suggests the U.S. property market is bouncing back. Shares were up on the earnings news and have jumped around 9 percent since the start of 2015.