Home Depot Lifts Full-Year Profit Forecast on Sales
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Home Depot Inc., the world’s largest home-improvement retailer, increased its full-year profit forecast on stronger fourth-quarter demand for plumbing and electrical items and Christmas trees.
Home Depot expects to earn $1.97 a share in the year ending Jan. 30, the Atlanta-based retailer said in a statement today, raising a forecast of $1.94 made on Nov. 16. Analysts predicted $1.95, the average of 23 estimates compiled by Bloomberg.