Inside these posts: Guidance

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Home Depot sees 2Q gains continuing for year

Home Depot Inc. still sees room for profit growth this year as consumers take up long-delayed maintenance and repair projects for their homes.

The company posted a higher-than-expected quarterly profit and raised its full-year earnings forecast Tuesday, helped by cost controls. While sales missed expectations in a weak economy, investors were relieved that the top home improvement chain still expects an increase for the rest of the year. Get the full story »