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Home Depot raises 2010 outlook, predicts growth for 2011

from Daily Finance

Home Depot raised its 2010 outlook, and expects both sales and profits to rise next year, when it plans to open 10 new stores, the company said. The nation's biggest home improvement retailer expects sales to rise approximately 2.3 percent to $67.72 billion for the current year, up from a previously projected 2.2 percent gain, and slightly better than analysts' estimates. The company also foresees earnings per share from continuing operations increasing by approximately 27 percent to $1.97 for the year, up from its earlier estimate of $1.94 a share, which is what analysts expect. more

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