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Tuesday, 19 November 2013 09:56

Home Depot 3Q results up on strength at US stores

ATLANTA (AP) - Home Depot's fiscal third-quarter profit climbed as sales at U.S. stores strengthened amid the continued improvement of the housing market. The results for the nation's biggest home improvement company beat analysts' estimates. The chain also lifted its full-year forecast on Tuesday. For the three months ended Nov. 3, Home Depot Inc. earned $1.35 billion, or 95 cents per share. That compares with $947 million, or 63 cents per share, a year ago. The prior-year period was weighed down by a charge tied to store closings in China. Analysts expected earnings of 89 cents per share. Revenue for the Atlanta company rose 7 percent to $19.47 billion from $18.13 billion.  Wall Street predicted $19.18 billion. Sales at U.S. stores open at least a year increased 8.2 percent.