- Home Depot (HD) saw comparable store sales rise 10.7% during Q2 on strong store traffic. Analysts had forecast a gain of 7% to 8%.
- The housing recovery was a major influence, but Home Depot also gained efficiencies at stores. SG&A expenses rose 5.6%, much lower than sales growth.
- The company sees FY13 EPS of $3.60 on 4.5% revenue growth, up from prior guidance of $3.52 and 2.8% growth. (PR)
- HD +4.1%
Home Depot raises outlook after strong quarter
From other sites
at CNBC.com (Wed, 6:57PM)
at CNBC.com (Tue, 11:33AM)
at CNBC.com (Tue, 10:33AM)
Video at CNBC.com (Tue, 9:00AM)
Video at CNBC.com (Mon, 5:45PM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs