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Home Depot's first-quarter sales rise 2.9 pct
May 20, 2014 / 10:12 AM / 4 years ago

Home Depot's first-quarter sales rise 2.9 pct

May 20 (Reuters) - Home Depot Inc, 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)

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