Home Depot Raises Outlook, Tops Estimates
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Home Depot Inc. HD.N on Tuesday  reported a 19 percent rise in second-quarter profit, handily  topping estimates, as store renovations and efforts to improve  service drove higher average sales in every category.
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Shares of Home Depot Inc.  rose 2  percent on Monday after published reports, citing unnamed  sources, said the home improvement retailer agreed to cut the  price in the sale of its supply unit by $1.8 billion to $8.5  billion.
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Retailer Best Buy Co  reported better-than-expected second-quarter earnings on Tuesday, helped by strong international sales, and raised its full-year profit forecast, pushing its shares up about 5 percent.
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Lowe&#39;s Cos., the second-largest home improvement retailer behind Home Depot Inc., said Monday quarterly profit rose. The Mooresville, NC-based retailer had third-quarter net income of $522
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U.S. stock futures rose on Wednesday, helped by news of a $22.5 billion share repurchase plan from Home Depot Inc.  and investment bank Morgan Stanley's  stronger-than-expected profit.
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Shares of Home Depot Inc.  rose as much as 2 percent on Monday after sources said the home improvement retailer agreed to cut the price in the sale of its supply unit by $1.8 billion to $8.5 billion.
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U.S. stocks were higher on Tuesday,  boosted by strong earnings from Home Depot Inc. HD.N and two  separate economic reports that showed inflationary pressure was  held in check and U.S. housing starts rebounded sharply in  July.
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Home Depot Inc. HD.N, the top home  improvement retailer, on Tuesday reported a 15 percent rise in  third-quarter profit, topping estimates, aided by installed  services and sales to contractors.
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The largest U.S. home furnishings retailer posted higher profit, helped by sales of back-to-college merchandise.
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U.S. stocks rose on Wednesday as Home Depot Inc.'s  plan for a $22.5 billion share buyback underscored optimism about equity valuations, along with the growing allure of large-cap stocks, including General Electric Co. .
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Home improvement retailer Lowe's Cos.  reported better-than expected earnings on Friday even as the weak housing market hurt results, and its shares rose as much as 6 percent to an all-time high as it said sales could trend upward this year.
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Hormel Foods Corporation posted a higher quarterly profit and gave a forecast for current-quarter earnings that was higher than analystsÂ estimates.
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The world's largest home improvement retailer on Tuesday  said quarterly profit rose topping estimates, as technology  upgrades and other store improvements helped boost sales. Its  shares closed at $33.98 on the New York Stock Exchange on  Monday.
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Home Depot said it would invest $2.2 billion in the company this year, even though it expects a housing slump to lower earnings and curb sales growth.
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H.J. Heinz Co  on Friday forecast quarterly profit higher than analysts' estimates, helped by higher prices and sales volume increases across its businesses.
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Stock index futures added to gains on Tuesday as government data showed a stronger-than-expected rise in orders for durable goods in December, helping the outlook for business spending.
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Home improvement retailer Lowe's Cos.  reported better-than expected earnings on Friday even as the weak U.S. housing market hurt results, and its shares rose as much as 6 percent to an all-time high as it said sales could trend upward this year.