14 Nov 2012

Home Depot quarterly profit

10:35 am on 14 November 2012

Home Depot reported made a small rise in quarterly profits on Tuesday, which it attributed to signs of recovery in the US housing market.

The home improvement chain made a net profit of $US947 million in the three months ending 28 October, up from $US934 million a year earlier.

Revenues were up 4% to $US18.1 billion. Same-store sales in the United States rose 4.3% from a year earlier.