Home Depot, Lowe’s ride U.S. recovery to strong year-end

MOORESVILLE, N.C. & ATLANTA —Big box giants Home Depot and Lowe’s are riding the turnaround in the U.S. housing market with strong fourth-quarter results.

Home Depot reported Q4 sales of $19.2 billion, up 8.3% from $18.7 billion, while same-store sales were positive 7.9% (U.S. stores enjoyed comps of 8.9%). Net earnings for the fourth quarter of fiscal 2014 were $1.4 billion, up 43.8%…

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