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Transcripts For KQED Nightly Business Report 20171115

Im sue herera. Home depot has a lot working in its favor. General electric, right now anyway, does not. Lets begin tonight with home depot. The Home Improvement retailer not only beat earnings and revenue estimates. It also saw same store sales blow past expectations and raised its outlook. The stock rose on the report, adding to its 25 gain so far this year. Courtney reagan star reporter while many areas of retail are at best inconsistent right now, Home Improvement retail remains robust, especially for home depot. The retailer postingnother strong quarter, blowing past expectations and upping its forecast for the remainder of the year. Home depot has been riding on the strength of the u. S. Housing market for years now, and this mo recent quarter got an additional nearly 300 million lift from hurricanerelated spending. Both prep and rebuilding. The storms are only one piece of the story. The company is also riding the waves of a good housing cycle, a good macroeconomic environment. H

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