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Home Depot quarterly sales rise 6.4%

[BENGALURU] Home Depot Inc, the world's No. 1 home improvement retailer by revenue, reported a 6.4 per cent rise in quarterly net sales, helped by strong demand from professional contractors and builders.

The company's net income rose to US$1.73 billion, or US$1.35 per share, in the third quarter ended Nov 1, from US$1.54 billion, or US$1.15 per share, a year earlier.

Net sales rose to US$21.82 billion from US$20.52 billion.