Home Depot's Sales Get Boost from Small Projects Amid Slumping Housing Market

Home Depot's sales improved during its fiscal second quarter as customers focused on smaller projects during the summer months, despite the U.S. housing sector still being in a slump.

The company reported revenue of $47.86 billion for the period, which edged out Wall Street's expectations of $47.24 billion according to a survey by FactSet.

While Home Depot's sales improved during the quarter, its outlook remains unchanged due to the ongoing challenges in the housing market.