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Home Depot Raises Forecast as Housing Market Boosts Sales

Bloomberg business news

Home Depot 2Q Earnings Match Estimates

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Home Depot Inc. boosted its earnings and sales forecasts for the year as the continued rise of U.S. home prices encourages Americans to fix up their houses.

Profit this year will be $5.31 to $5.36 a share, including the planned completion of the Interline Brands acquisition, the Atlanta-based company said Tuesday in a statement. That’s up from a previous forecast of $5.24 to $5.27. Analysts estimated $5.27, not including the Interline takeover.