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Thursday, December 9, 2010 - 3:57am

Home Depot Raises Earnings Projection

Updated: 4 years ago.
(Photo courtesy Ildar Sagdejev)

The world’s largest home improvement chain says for the second time in two months, it’s raising its earnings expectations for the remainder of its fiscal year. Home Depot says it sees its revenue to rise more than 2 percent for the remainder of this year, and rise up to 2.5 percent next year. The Atlanta-based company says more of its customers prefer to take-on small home projects over major renovations. Officials say that’s because in the current housing market, people no longer see remodeling as a good way to add value to a home.

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