Posted AT 6:43 AM EST on 17/11/09
Home Depot profit tops estimates
NEW YORK — Home Depot Inc. posted a higher-than-expected quarterly profit and raised its full-year outlook as the top home improvement chain cut costs to offset weak demand for big-ticket remodelling projects.Although the company is seeing “some positive signs of stabilization,” chief executive officer Frank Blake warned there was “still a great deal of pressure” in the housing and home improvement markets.
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