Home Depot tops earnings expectations

Posted online May 17, 2016 | 10:45 am

Home Depot posted better-than-expected quarterly comparable sales and profits.

The world's biggest home improvement chain cited inconsistent weather as a demand driver during the first quarter.

Same-store sales increased 7.4 percent, above analysts' prediction of 4.9 percent.

Net income was $1.8 billion, or $1.44 per share. That's above the $1.36 per share analysts projected.

Read more from Reuters.

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