Lowe's Cos. (LOW) Moves Higher Following Solid Q3 Results from Home Depot (HD)
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Home Depot third-quarter sales beat amid U.S. housing recovery
November 17, 2015 6:07 AM ESTBy Nandita Bose and Sruthi Ramakrishnan
(Reuters) - Home Depot Inc (NYSE: HD) on Tuesday reported a better-than-expected rise in quarterly sales at stores open at least a year and said full-year profit and same-store sales would be at the top end of its forecast.
Shares of the world's biggest home improvement retailer rose 3.4 percent to $125.07.
"Consensus U.S GDP growth projections have moderated (in 2015) but we continue to see positive signs in the housing data with home price appreciation and housing turnover being key drivers of growth for our... More
