Home Depot Q2 net income rises 14% on storm-related repairs

Atlanta -- Home Depot reported Tuesday that its second-quarter net income soared 14% to $1.36 billion, compared with $1.19 billion in the year-ago period. The home-improvement retailer cited an uptick in storm-related repairs and lawn supplies for the improved performance.

Revenue rose 4% to $20.23 billion, topping Wall Street’s expected $19.97 billion. Same-store sales rose 4.3% globally and 3.5% in the United States.

Home Depot’s results outshone rival Lowe’s, which released its quarterly results on Monday, posting flat earnings and cutting its revenue forecast.