Home Depot Inc. reported first-quarter earnings for fiscal 2019 that beat analysts' expectations and maintained its guidance for the fiscal year.

The Atlanta-based home improvement retailer reported that diluted EPS for the quarter ended May 5 rose 9.1% to $2.27 from $2.08 in the year-earlier quarter, exceeding the mean consensus estimate for normalized EPS of $2.19 according to data compiled by S&P Global Market Intelligence.

Net earnings for the first quarter rose 4.5% to $2.51 billion from $2.40 billion in the year-ago period.

Net sales for the first quarter rose 5.7% to $26.38 billion from $24.95 billion in the year-ago period, while comparable sales rose 2.5%. Comparable sales in the U.S. rose 3%. The company said the difference in its first-quarter sales growth and its comparable sales performance reflects a calendar shift due to 53 weeks of sales in fiscal 2018.

The retailer reaffirmed its outlook for fiscal 2019, which comprises 52 weeks versus 53 weeks for fiscal 2018. Home Depot continues to forecast sales growth of about 3.3% and comparable sales growth of approximately 5%. It also continues to expect diluted EPS for fiscal 2019 to grow 3.1% to $10.03.

In premarket trading, Home Depot's shares were up 0.55% at $192.