Home Depot results top analyst estimates

Markets Reuters

NEW YORK (Reuters) - Home Depot Inc <HD.N> reported a better-than-expected quarterly profit, helped by demand for seasonal goods and storm-related repairs.

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The world's largest home improvement chain said second-quarter net income rose to $1.36 billion, or 86 cents a share, from $1.19 billion, or 72 cents a share, a year earlier.

Analysts on average were expecting 83 cents a share, according to Thomson Reuters I/B/E/S.

Sales rose 4.2 percent to $20.23 billion, beating analysts' average estimate of $19.96 billion.

(Reporting by Dhanya Skariachan; editing by John Wallace)

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