Home Depot increased quarterly earnings and revenue, exceeding forecasts

The largest in the US chain of stores for household goods, Home Depot, reported that in the second fiscal quarter ended in July, its net profit rose to $3 billion 510 million from $2 billion 670 million in the same period last year. Per share, the net profit was 3 dollars 5 cents, while analysts had predicted 2 dollars 85 cents per share. Revenue reached 30 billion 460 million dollars, while experts had expected the figure at 30 billion 30 million dollars. Stores opened at least a year ago increased sales by 8%. Analysts had predicted an increase of 6.5%.

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