Home Depot raises outlook after strong quarter

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%

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Comments (3)
  • MEKhoury
    , contributor
    Comments (406) | Send Message
    20 Aug 2013, 07:24 AM Reply Like
  • dctodd27
    , contributor
    Comments (119) | Send Message
    quite a reversal there....now down 1%...
    20 Aug 2013, 09:42 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
    was just gonna say.......up 4% to minus 1% in 15 min
    20 Aug 2013, 09:43 AM Reply Like
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