ATLANTA - The Home Depot reported sales of $18.1 billion for the third quarter of fiscal 2012, a 4.6% increase verus the 2011 period.

Net earnings, at $947 million, were up just 1.4% after allowing a $165 million charge to close all seven Home Depot stores in China.

“Our third-quarter results were better than we expected and reflected, in part, what we believe is the start of the path toward the healing of the housing market,” said Frank Blake, Home Depot chairman and CEO.

Source: Woodworking network

Posted and edited by Riona, Hanbao News Department

Contact: rionach@cltimber.com