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Home Depot delivers solid profit gain and a positive outlook

August 20, 2014

Home Depot exceeded market expectations with its Q2 result (EPS USD 1.52 vs. consensus USD 1.44) thanks to higher seasonal demand. As a consequence, the company increased its guidance and now expects earnings per share of USD 4.52 (previously: USD 4.42). An enhanced share buyback program rounds off the positive picture. The shares advanced more than 5% in New York trading.