You are here: Home » Reuters » News
Business Standard

Home Depot profit beats as hurricanes spur demand


(Reuters) - Home Depot Inc, the largest U.S. home improvement chain, beat analysts' quarterly profit and sales estimates, as hurricanes Harvey and Irma boosted demand for emergency products and rebuilding materials.The Dow component's shares, already up 23 percent this year, were about 1 percent higher in premarket trading on Tuesday.Home improvement retailers benefit from the sale of emergency storm-related merchandise such as generators, batteries and flashlights during hurricanes as well as from demand for rebuilding materials in the aftermath.Home Depot, which again raised its full-year ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, November 14 2017. 18:36 IST