Tuesday, August 16, 2016

Home Depot rides housing boom to record sales, profit in 2Q

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as the U.S. housing market continues to warm up.

The Atlanta home improvement retailer's profit jumped 9 percent, edging out Wall Street expectations. Sales surged 6.6 percent to $26.47 billion, also slightly better than expected.. . . more

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