Home Depot Says Us Housing Recovery To Boost Sales In 2nd Half – Thegazette

Home Depots shares rose as much as 5.5 percent to an all-time high of $88.16, after the company also reported better-than-expected quarterly results. The company expects same-store sales growth in the second half to be 80 basis points higher than the first half, Chief Financial Officer Carol Tome said on a conference call. She said there was a nice recovery in demand from building contractors as customers clearly feel better about investing in their homes. Home Depot gets much of its business from building contractors. http://thegazette.com/subject/news/business/home-depot-says-us-housing-recovery-to-boost-sales-in-2nd-half-20140819

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