ATLANTA AP - Home Depot Inc. said Tuesday that its fiscal first-quarter profit climbed 44 percent on fewer charges, and the nation's largest home improvement retailer beat Wall Street's expectations despite lower sales.The quarterly results will likely cheer investors, who sent the market higher Monday after smaller rival Lowe's Cos.
May 19, 2009 at 12:00 AM
1 minute read
ATLANTA AP – Home Depot Inc. said Tuesday that its fiscal first-quarter profit climbed 44 percent on fewer charges, and the nation’s largest home improvement retailer beat Wall Street’s expectations despite lower sales.
The quarterly results will likely cheer investors, who sent the market higher Monday after smaller rival Lowe’s Cos. surpassed analysts’ estimates with its first-quarter profit and boosted its full-year outlook.
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