Jim Cramer: Great Quarter for Home Depot Despite Mixed Earnings

Despite mixed third-quarter earnings, Jim Cramer says it's a great quarter for Home Depot. Cramer explains that the store's gross margins expanded, its same-store sales increased 5.5 percent in the quarter which he says is remarkable, the company bought back a lot of stock, and he says he expected the impact of the security breach to have been much worse. The stock was down following the release of its results but Cramer says that doesn't mean it wasn't a great quarter for the country's largest home improvement chain. And for investors who want to get in, he says after the stock has run from the 70s to the mid-90s, it's perfectly right to think it'll take a breather. So before getting in, he says, let's let the stock settle first.

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