Home Depot Inc., the largest U.S. home-improvement retailer, posted first-quarter profit that topped analysts’ estimates and raised its forecast for earnings this year as the housing rebound boosts renovation spending.
Net income in the quarter ended May 5 rose 18 percent to $1.23 billion, or 83 cents a share, from $1.04 billion, or 68 cents, a year earlier, the Atlanta-based company said today in a statement. Analysts projected 76 cents, the average of 25 estimates in a Bloomberg survey.
