FINANCE

Home Depot Q3 profit tops estimates

BY Katherine Boccaccio

Atlanta — An improved housing market boosted Home Depot in its latest quarter, as the home-improvement retailer reported Tuesday that net income for the third quarter rose to $947 million from $934 million in the year-ago period.

Revenue climbed 4% to $18.13 billion, edging Wall Street’s estimated $17.92 billion in revenue. Same-store sales rose 4.3% in the U.S. and 4.2% overall.

"Our third-quarter results were better than we expected and reflected, in part, what we believe is the start of the path toward the healing of the housing market," chairman and CEO Frank Blake said.

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Improved housing market boosts Home Depot’s Q3

BY CSA STAFF

Atlanta — An improved housing market boosted Home Depot in its latest quarter, as the home improvement retailer reported Tuesday that net income for the third quarter rose to $947 million from $934 million in the year-ago period.

Revenue climbed 4% to $18.13 billion, edging Wall Street’s estimated $17.92 billion in revenue. Same-store sales rose 4.3% in the U.S. and 4.2% overall.

"Our third-quarter results were better than we expected and reflected, in part, what we believe is the start of the path toward the healing of the housing market," chairman and CEO Frank Blake said.

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FINANCE

Dick’s Sporting Goods Q3 profit jumps 21%

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance.

Revenue rose 11% to $1.31 billion, just edging Wall Street’s expected $1.3 billion, and same-store sales rose 5.1%. Online sales soared 46.7% in the quarter, comprised of a 3.9% jump at namesake stores and a 2.3% increase at Golf Galaxy.

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