Company News: Home Depot, Lowe's, GrubHub, Seamless, JPMorgan Chase, Goldman Sachs, Ford

Building on the Recovery

Home Depot posted a better-than-expected $1.23 billion in profit in its fiscal first quarter, an 18 percent increase from the previous year, as the housing recovery buttressed spending by contractors. The retailer said shoppers visited its stores more often and spent more, with the average purchase rising 5 percent as customers tackled more lavish home-improvement projects. Lowe’s wasn’t so lucky. It reported a disappointing 2.5 percent income gain for its first quarter, citing damp weather that chilled sales of garden supplies.

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