Home Depot Inc. said its normalized net income for the fiscal second quarter ended Aug. 3 came to $1.50 per share, compared with the S&P Capital IQ consensus estimate of $1.45 per share.
EPS rose 22.1% year over year from $1.23.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.04 billion, a gain of 14.4% from $1.78 billion in the year-earlier period.
The normalized profit margin climbed to 8.5% from 7.9% in the year-earlier period.
Total revenue grew 5.7% on an annual basis to $23.81 billion from $22.52 billion, and total operating expenses climbed year over year to $20.36 billion from $19.50 billion.
Reported net income increased 14.9% on an annual basis to $2.06 billion, or $1.52 per share, from $1.79 billion, or $1.24 per share.
