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) --

Home Depot


, the No. 1 home-improvement retailer, said third-quarter earnings rose to $834 million, or 51 cents a share, from $689 million, or 41 cents a share, a year earlier.

Sales rose 1.4% to $16.6 billion, while comparable-store sales also rose 1.4%. Same-store sales in the U.S. increased 1.5%.

Analysts surveyed by Thomson Reuters expected Home Depot to earn 48 cents a share in the quarter on revenue of $16.59 billion.

Home Depot said Tuesday it expects fiscal-year sales to rise 2.2%, and net income from continuing operations to rise by about 25% to $1.94 a share.

Analysts forecast Home Depot will earn $1.90 a share in the fiscal year on sales of $67.55 billion.


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Monday said

third-quarter revenue

rose 2% to $11.59 billion, falling short of analysts' expectations.

Net income at Lowe's rose to $404 million, or 29 cents a share, from $344 million, or 23 cents a share, in the year-earlier period. Excluding a charge, earnings were 31 cents a share, topping estimates by a penny.

-- Written by Joseph Woelfel

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Joseph Woelfel

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