17.05.2016 - Home Depot's revenue increased by 9%
The Home Depot reported on the results for the 1st quarter of this year. Thus, the company's profit totaled 1.8 billion dollars against 1.58 billion in the same period last year. Revenues increased by 9% to 22.76 billion dollars. Sales at stores rose by 6.5%. In addition, the retailer improved forecast for revenue growth this year to 6.3%. Among the risks should mention a slowing positive momentum in the housing market. We expect growth till the end of the year by 15-17%, but do not exclude the correction of stock prices in the near future.