Home Depot Reports Strong Third Quarter
Atlanta, GA, Nov. 19, 2013 -- Home Depot said that third quarter net earnings rose to $1.4 billion, or $0.95 a share, from $947 million, or $0.63 a share, a year ago.
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Sales rose 7.4% to $19.5 billion.
Home Depot credited the improving housing market. Rising home prices are encouraging more homeowners to renovate. The firm raised its guidance for the third time this year.
"Our third quarter results reflect the continuing improvement in the housing market and our solid operational performance," said Frank Blake, chairman and CEO.