Home Depot Inc., the Atlanta home-improvement chain, reported fiscal-second-quarter net income rose 14% on 4.2% higher net sales and 4.3% higher comparable-store sales.
For the quarter ended July 31, profit reached $1.36 billion from $1.19 billion in the year-earlier period. Earnings per share were 86 cents against 72 cents.
Shares outstanding fell 5.2% to 1.58 billion.
Sales rose to $20.23 billion from $19.41 billion.
A survey of analysts by FactSet Research produced a consensus estimate of profit of 83 cents a share on revenue of $19.97 billion.
The company raised its outlook for the year and now expects continuing operations to generate profit of $2.34 a share.
FactSet's survey is looking for $2.30.
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