The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas, California April 4, 2016. REUTERS/Mike Blake/File Photo
November 14, 2017
(Reuters) – Home Depot Inc <HD.N>, the largest U.S. home improvement chain, reported a 10 percent jump in third-quarter profit on Tuesday, lifted by demand from customers looking to repair their homes damaged by hurricanes Harvey and Irma.
Sales at stores open for more than a year rose 7.9 percent, above the average analyst estimate of 5.9 percent, according to Thomson Reuters I/B/E/S.
Comparable sales at U.S. stores increased 7.7 percent, above the average analyst estimate of 6 percent.
Net income rose to $2.17 billion, or $1.84 per share, in the third quarter ended Oct. 29, from $1.97 billion, or $1.60 per share, a year earlier.
(Reporting by Sruthi Ramakrishnan in Bengaluru)
