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Home Depot quarterly profit rises
February 26, 2013 / 11:20 AM / 5 years ago

Home Depot quarterly profit rises

Feb 26 (Reuters) - Home Depot Inc reported a higher quarterly profit, aided by improvements in the U.S. housing market and sales tied to Hurricane Sandy, helping the world’s No. 1 home improvement chain outshine rival Lowe’s Cos Inc for the 15th straight quarter.

Net earnings for the fourth quarter ended on Feb. 3 rose to $1.0 billion, or 68 cents a share, from $774 million, or 50 cents a share, a year earlier.

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