UPDATE: Home Depot Posts Upbeat Q2 Earnings, Lifts FY13 Outlook

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The Home Depot
HD
reported a 17.2% gain in its fiscal second-quarter net earnings. Home Depot's quarterly earnings surged to $1.8 billion, or $1.24 per share, from $1.53 billion, or $1.01 per share, in the year-ago period. Its total sales rose 9.5% to $22.52 billion, while same-store sales gained 10.7%. However, analysts were estimating earnings of $1.22 per share on sales of $21.83 billion. Home Depot raised its fiscal 2013 earnings forecast to $3.60 per share. Home Depot shares closed at $75.2 yesterday.
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Posted In: EarningsNewsGuidanceprofit
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