Home Depot, the world's largest home improvement chain, reported a 5.7 percent rise in quarterly sales as customers spent more on home repairs after a severe North American winter.
Home Depot's net income rose to $2.05 billion, or $1.52 per share, in the second quarter ended Aug. 3 from $1.79 billion, or $1.24 per share, a year earlier.
Following the report, shares of Home Depot rose in premarket trading. (Click here for the latest quote.)
Revenue increased to $23.81 billion from $22.52 billion a year ago.
Wall Street had expected the retailer to deliver second-quarter earnings of $1.45 a share on $23.61 billion in revenue, according to a consensus estimate from Thomson Reuters.