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Empresas y finanzas

Home Depot profit, sales top estimates


    NEW YORK (Reuters) - Home Depot Inc reported a higher-than-expected quarterly profit as shoppers took up long-delayed maintenance and repair projects for their homes in a slowly recovering U.S. economy.

    The world's largest home improvement retailer said its net income from continuing operations rose to $587 million, or 36 cents a share, in the fourth quarter ended on January 30 from $301 million, or 18 cents a share, a year earlier.

    Analysts on average were expecting a profit of 31 cents a share, according to Thomson Reuters I/B/E/S.

    Sales rose 3.8 percent to $15.13 billion, beating expectations of $14.81 billion.

    (Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)