While you were sleeping Home Depot brightens outlook

Tue, 13 Nov 2012

By Margreet Dietz Nov 14 (BusinessDesk) - A bright outlook from Home Depot, which lifted its expectations for full-year results, underpinned the mood on Wall Street. The home improvement giant posted third-quarter results that beat forecasts and provided an optimistic picture for the coming months—for its own future and that of the housing industry in general. Shares gained 3.9 percent. "Our third-quarter results were better than we expected and reflected, in part, what we believe is the start of the path toward the healing of the housing ma...

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