Home Depot 2Q profit climbs 14% | The Detroit News
The average estimate of analysts surveyed by Zacks Investment Research was for profit of $1.44 per share. The home-improvement retailer said revenue rose nearly 6 percent to $23.81 billion from $22.52 billion in the same quarter a year earlier, and beat Wall Street forecasts. Analysts expected $23.57 billion, according to Zacks. Home Depot shares have risen $1.25, or 1.5 percent, to $83.59 since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 7 percent. The stock has increased $8.45, or 11 percent, in the last 12 months.
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Home Depot surging, Rackspace gets activist love, Elizabeth Arden hit by Bieber effect - Yahoo News
home improvement retailer popping today, easily the Dow's biggest gainer after reporting a strong second-quarter earnings beat and raising its full year forecast. Revenue also topped estimates, gaining 5.7 percent to $23.8 billion, aided by improved weather and rising home prices that has customers spending more on renovations. Separately, housing starts for July surged to their highest levels in eight months. Rackspace ( RAX ): The cloud computing services provider climbing after activist hedge fund Blue Harbour Group revealed a 6.4% stake in the company last night. Blue Harbour said it looks forward to discussing alternatives with management to deliver shareholder value, as the company revealed it was exploring strategic options back in May.
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Home Depot reports quarterly financial results Aug. 19, 2014. (Gene J. Puskar / AP) Atlanta Home Depot Inc. on Tuesday reported profit that increased by 14 percent in its fiscal second quarter, and topped analysts expectations. The Atlanta-based company said profit increased to $2.05 billion, or $1.52 per share, from $1.8 billion, or $1.24 per share, in the same quarter a year earlier.
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