Pursuits
Home Depot Dodges Retail Malaise as Profit Exceeds Estimates
- Retailer forecasts annual earnings at high end of its range
- Same-store sales rise 5.1 percent, beating projections
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Home Depot Inc. posted third-quarter profit that topped analysts’ estimates, showing that consumers are still willing to spend on big-ticket items like their houses even while they pull back on purchases elsewhere.
Profit in the three months through Nov. 1 was $1.36 a share, excluding some items, the Atlanta-based company said Tuesday in a statement. Analysts projected $1.32 a share.