Home Depot Sales Slip In Third Quarter, But HD Supply Grows Through Acquisitions

Home Depot, Atlanta, said Nov. 14 that it had disappointing third-quarter results because of the tough housing market.

The company’s net earnings during the three months ended Oct. 29 fell 3.1 percent compared to the same quarter of 2005 to $1.49 billion. Sales for the third quarter of fiscal 2006 totaled $23.1 billion, an 11.3 percent increase from the third quarter of fiscal 2005.

Total sales in HD Supply grew by 159 percent to $3.5 billion, driven by acquisitions as well as

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