Wednesday, August 22

Strong building respect Depot home

Brian Nagel, Oppenheimer analyst, breaks down the numbers at Home Depot.

Home Depot impressed Wall Street with its latest earnings report Tuesday, the 3 percent to just over $54 in trading in the morning drive share price.

The world's largest home improvement retailer reported net income of $1.50 billion for the second quarter of 2012, up from net income of $1.40 billion in the same period year 2011--by 7.1 percent. Sales in the second quarter of $20,60 billion, an increase of 1.7 percent from the second quarter of fiscal 2011.

Home Depot moved its fiscal year earnings also tight cost control has contributed to the company sales and profit to compensate for weakness estimates hit Wall Street in the quarter.

Brian Nagel, analyst at Oppenheimer, appeared on CNBC to break the company report calling from Home Depot "run better today than it was ever executed."

A key feature of Home Depot report management was ability to keep costs low, Nagel said.

"It is very encouraging," he said. "As sales are gradually to improve further, their money control them very, very well see."

"I think the market will see this report and say that this is a really solid report", Nagel said.

There was a lot of interest on Wall Street, there will be a slowdown in sales due to the weather, he added.

"Sales slow a little bit of Q1, Q2, but not dramatically, and that goes to comfort investors as they consider these results," Nagel said.

Nail pointed out that demand had moved forward due to the mild winter. Home owners began rebuilding projects earlier than usual, he said.

Reuters contributed to this report.

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