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Home Depot Inc., the world’s largest home-improvement retailer, today reported a third-quarter profit gain that exceeded analysts’ estimates after improvements at stores boosted sales at older locations.
Net income increased 12 percent to $934 million, or 60 cents a share, in the quarter that ended Oct. 30 from $834 million, or 51 cents, a year earlier, Atlanta-based Home Depot said. Analysts projected 58 cents, the average of 22 estimates in a Bloomberg survey.
