Home Depot's recently announced quarterly results reveals that the company did better than expected thanks to a strong housing market, low mortgage rates, and declining unemployment. Forbes staffer Lauren Gensler takes a look at the company.
Home Depot sales exceeded analysts expectations of $23.05 billion, instead rising 6% to $23.15 billion. Third quarter income for the company also exceeded the expectations of analysts climbing to $2 billion in comparison to just $1.7 billion a year earlier:
Home Depot said there was an increase in the number of transactions as well as a 3% uptick in the amount that customers spent. The Atlanta-based company also benefited from Hurricane Matthew and the flooding in Louisiana.