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Home Depot reports 3Q profit drop (AP)

14th Nov 2006, 17:14 GMT

AP - Home Depot blamed a slowing housing market and a relatively calm hurricane season as it reported Tuesday a 3.1 percent drop in third-quarter profit. The nation's largest home improvement store chain also lowered its earnings-per-share growth guidance for the year and said 2007 will be challenging, too.

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