Wednesday, November 15, 2017

A surging Home Depot Q3 beats Street; raises full-year outlook

Repairs resulting from hurricanes and other natural disasters helped Home Depot beat estimates in its third quarter, and also caused the retailer to raise its outlook for the year.

Revenue rose 8.1% to $25 billion, topping estimates. Shoppers’ average ticket was 5% higher, and customer transactions rose by 2.5%. Total same-store sales rose 7.9%, also more than expected.. . . more

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