Business

Home Depot profit falls, yet beats expectations

JOURNAL STAFF AND WIRE REPORT

Published: August 19, 2009

NEW YORK - Home Depot Inc. said yesterday that its fiscal second-quarter profit fell 7 percent, as consumers continued to shy away from bigger purchases.

However, cost cutting and sales of smaller items, such as paint and garden products, helped results beat expectations. Still, similar to rival Lowe's Cos. on Monday, Home Depot reported a sales decline.

■ Have a business story idea? Call 727-7298 or send it to business@wsjournal.com.

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