Home Depot Profit Surges 15%

Atlanta, Home Depot reported a 15% increase in third-quarter earnings. The chain reported net income of $1.31 billion, up from $1.14 billion in the same quarter last year.

Total sales increased 13% to $18.8 billion, while same-store sales increased 4.5%. The chain was emboldened to raise its estimate for full-year profit growth to a range of 19% to 20%, up from a range of 14% to 17%.