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Home Depot Sees Gains in Smaller Projects Amid Slumping Housing Market

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Home Depot reported improved sales during its fiscal second quarter as customers shifted focus to smaller projects during the summer months.

The company's revenue increased to $47.86 billion, surpassing Wall Street expectations of $47.24 billion according to a survey by FactSet.

The uptick in sales comes despite the U.S. housing sector remaining mired in a slump, which has had a negative impact on Home Depot's outlook.

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