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Home Depot HD reported a 43% gain in its fiscal third-quarter profit and lifted its forecast for the year.
Home Depot's quarterly profit surged to $1.35 billion, or $0.95 per share, from a year-ago profit of $947 million, or $0.63 per share. Its sales increased 7.4% to $19.47 billion. However, analysts were expecting earnings of $0.90 per share on revenue of $19.18 billion. Home Depot's same-store sales climbed 7.4% in the quarter.
Equities Trading UPShares of Brocade Communications Systems BRCD got a boost,shooting up 9.20 percent to $8.84 after the company reported a better-than-expected Q4 profit.
Equities Trading DOWN Shares of Oiltanking Partners LP OILT were down 9.60 percent to $58.25 after the company priced an offering of 2.6 million common units.
Stratasys SSYS was down as well, falling 8.00 percent to $118.00 following a rally Monday, possibly linked to a market wide selloff of higher beta names as fear gripped the street.
CommoditiesSilver traded down 0.11 percent Tuesday to $20.38, while copper rose 0.21 percent to $3.17.
EurozoneEconomics US employment cost index rose 0.4% in the third quarter, versus a 0.5% growth in the second quarter. However, economists were expecting a 0.5% growth.
The Johnson Redbook Retail Sales Index declined 0.7% in the first two weeks of November versus October.
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