May 15, 2018 / 10:09 AM / 2 months ago

Home Depot's comparable-store sales miss estimates

May 15 (Reuters) - Home Depot Inc’s first-quarter comparable-store sales missed Wall Street forecasts on Tuesday, as cooler weather in some parts of the United States led to a slow start to the spring selling season.

The home improvement retailer said its net earnings rose to $2.40 billion or $2.08 per share in the three months ended April 29, from $2.01 billion or $1.67 per share a year earlier.

Sales at Home Depot stores open for more than a year climbed 4.2 percent, missing analysts’ average estimate of a 5.38 percent rise, according to Thomson Reuters I/B/E/S. (Reporting by Aishwarya Venugopal in Bengaluru)

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