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Home Depot’s results get a boost from hurricanes

Home Depot, the largest US home improvement chain, on Tuesday raised its full-year profit and sales forecast again after hurricanes Harvey and Irma spurred demand for generators, flashlights and rebuilding materials. The Dow component is riding a multi-year recovery in the housing market but as hurricanes ravaged the southern United States, customers flocked to its stores for emergency supplies. Home Depot’s shares, already up 23 percent this year, were off 0.4 percent at $164.71 in early Tuesday trades. “Home Depot’s recent comparable store sales performance and improved sales and earnings guidance is a good indicator that the home improvement sector continues to paint a better outlook as it sidesteps broader retail woes,” s ...