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)
