Home Depot’s first-quarter sales rise 2.9 percent
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Credit: Reuters/Jonathan Ernst (Reuters) – Home Depot Inc (HD.N), the world’s largest home improvement chain, reported a 2.9 percent rise in quarterly sales as its spring selling season got off to a slow start. Home Depot’s net income rose to $1.38 billion, or $1.00 per share, in the first quarter ended May 4 from $1.23 billion, or 83 cents per share, a year earlier. Revenue rose to $19.69 billion from $19.12 billion. Comparable store sales increased 2.6 percent. (Reporting by Maria Ajit Thomas in Bangalore; Editing by Kirti Pandey) Tweet this