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Earnings Roundup: Home Depot, Saks
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Among the earnings stories for Tuesday, May 19, from AP Financial News:
ATLANTA (AP) — Home Depot Inc. said its fiscal first-quarter profit climbed 44 percent on fewer charges, and the nation's largest home improvement retailer beat Wall Street's expectations despite lower sales.
NEW YORK (AP) — Luxury retailer Saks Inc. reported a loss for the first quarter as it struggles with the pullback in spending by its wealthy customers. Still, the results exceeded analysts' expectations as the chain benefited from cost-cutting measures. ...
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