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Home Depot profits rise as spring woes fade
Home Depot posted a second quarter profit of 3.51 billion dollars or 3.05 per diluted share, beating forecasts as sales rose 8.4 percent to 30.46 billion. The Atlanta company cited stronger consumer finances and confidence, with transactions at 455.4 million and average ticket 66.20 dollars, signaling resilience in a sluggish housing market.
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