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0 0.000285055326647526 -0.0023063567337842 0.00287646738707926 0.0032651791961441 0.00246184145741026 0.00546762030630501 0.0157039570862163
Stock impact report

Home Depot reaffirms annual forecasts on demand from professional customers [BNN Bloomberg (Canada)]

Home Depot, Inc. (The) (HD) 
Last home depot, inc. (the) earnings: 2/25 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.homedepot.com
Company Research Source: BNN Bloomberg
Its shares were up nearly three per cent in premarket trading on Tuesday. Home Depot has leaned on professional (Pro) customers, such as contractors, builders and carpenters, whose large, ongoing jobs have helped offset the slowdown in big do-it-yourself remodels amid elevated borrowing costs and a weak U.S. housing market. The company has rolled out new credit and project-planning tools that help Pros manage larger and more complex jobs, while broadening support through its outside-sales network. “For the fourth quarter, our results were largely in-line with our expectations, reflecting the lack of storm activity in the third quarter and ongoing consumer uncertainty and pressure in housing,” said CEO Ted Decker. Shares of rival Lowe's , which reports quarterly results on Wednesday, were up one per cent. Atlanta-based Home Depot reported a 0.4 per cent rise in same-store sales for the three months ended Feb. 1, compared with analysts' expectations of largely flat sales, acc Show less Read more
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