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Home Depot Q2 profit rises on sales increases


Atlanta Home Depot reported Tuesday that net income for the second quarter rose 7% to $1.19 billion, from $1.12 billion last year.

Revenue rose 2% to $19.41 billion. Analysts predicted $19.59 billion.

Same-store sales rose 1.7% worldwide and 1% in the United States, a third consecutive quarter of gains worldwide and a second consecutive quarter in the United States.

The largest home-improvement retailer also trimmed its revenue outlook to a 2.6% increase, from a 3.5% rise. That implies revenue of $67.9 billion. Analysts expect revenue of $68.21 billion.

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