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November 15, 2018

Home Depot posts strong earnings, raises outlook

  • Comparable-store sales were up 5.4 percent in the U.S.

    • NEW YORK (AP) — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling.

    Comparable-store sales, a key indicator of a retailer's health, rose 4.8 percent, but it jumped 5.4 percent in the U.S., its dominant market.


     
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