Home Depot shares jump as retailer raises profit outlook

August 18, 2015 2:32 PM

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Home Depot (HD) shares jumped 2.5% in morning trading Tuesday as the company reported second-quarter earnings that met Wall Street expectations and raised its 2015 profit outlook for the second time this year.

The retailer is benefiting from a steadily improving housing market as Americans continue to spend money on home improvement.

Also read: Kroger’s New Approach to Stocking Shelves Is Boosting Earnings

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