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Non-Tech : Home Depot (HD)

HD 362.30

-1.6%

Nov 14 9:30 AM EST

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To: Xpiderman who wrote (149)	5/19/1998 10:11:00 AM
From: Sonki	Read Replies (1) of 1169

Home Depot Q1 beats estimates on sales rise...new HI @74? i guess el nino and all those new homes in CAlif are helping out? biz.yahoo.com Home Depot Q1 beats estimates on sales rise ATLANTA, May 19 (Reuters) - Home Depot Tuesday reported better-than-expected first-quarter earnings, as the home improvement retailer increased same-store sales seven percent in the quarter. Home Depot rung up $337 million in profits, or $0.45 a share, on $7.1 billion in sales in the quarter. The results beat Wall Street estimates of $0.42 a share and the company's $259 million profit, or $0.35 a share, on $5.7 billion in sales in the 1997 quarter. The company, which opened 32 new stores in the quarter, now operates 656 stores, made up of 613 Home Depot stores and 6 EXPO Design Centers in the U.S. and 37 Home Depot stores in Canada. The stores had a combined 70 million square feet of selling space at the quarter's end, compared with 57 million square feet a year ago.

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