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Home Depot earnings: $1.97 per share, matching expectations

Home Depot Tuesday reported earnings and revenue that fell roughly in line with Wall Street's estimates, as the world's largest home improvement retailer continued to reap the benefits of a strong housing market.

The retailer likewise reiterated its sales guidance for the year, and raised its earnings forecast. Home Depot shares were slightly higher in pre-market trading.

Home Depot reported earnings of $1.97 per share, in line with a consensus estimate from Thomson Reuters. Revenue likewise fell essentially in line with Wall Street's forecast, at $26.47 billion. Analysts been...