Home Depot profit tops estimates on cost cuts

(Reuters) - Home Depot Inc (HD) reported a higher-than-expected quarterly profit on Tuesday as the world's largest home improvement chain kept a tight lid on costs to offset weak sales. Analysts were looking for a profit of 71 cents a share, according to Thomson Reuters I/B/E/S. Home Depot was faster to cut costs than its smaller rival Lowe's Cos Inc (LOW) during the most recent U.S. recession.

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