Home Depot Raises Outlook Again After Strong Quarter

wochit business
November 19, 2013 AT 4:43 AM
A recovery in the U.S. housing market helped Home Depot top profit and sales estimates for the third quarter, prompting the No. 1 home improvement chain to raise its fiscal-year outlook for the third time this year on Tuesday. The results boosted its shares by 3.2 percent and gave fresh evidence the U.S. housing market continued to heal after years of weakness. A bubble in the sector was at the core of the 2007-2009 financial crisis