Good News For The Housing Market? Home Depot Raises Full-year Forecast – Forbes

The company had previously said that it expected $4.38 in earnings per share, or 16.5% growth over 2013. This earnings per share guidance includes the $3.5 billion in share buybacks that have occurred in the first half of 2014 as well as the additional $3.5 billion in shares Home Depot intends to repurchase during the back half of the year. For some analysts, Home Depots report was less a sign of good things ahead in the housing market than it was a sign that the company is just operating well. This strong performance gives us furtherconfidence that Home Depot can handle a slower paced housing market recovery on strongexecution, Citi analyst Kate McShane said in a note Tuesday morning. http://www.forbes.com/sites/maggiemcgrath/2014/08/19/good-news-for-the-housing-market-home-depot-raises-full-year-forecast/

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