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Home Depot's Second Quarter Beats Expectations

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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. Craig Menear, chairman and chief executive officer, said in a statement, “Not only did our seasonal business rebound from the first quarter, but our overall results exceeded our expectations."

Added on the 14/08/2018 08:10:35 - Copyright : Wochit

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