Home Depot posted second-quarter net sales of $47.86 billion versus analysts' estimate of $47.27 billion, according to data compiled by LSEG.
Q2 adjusted EPS came in at $4.92 versus estimate of $4.73.
Outlook and analyst views
The company maintained its annual total sales growth of 2.5% to 4.5% and adjusted EPS to grow about flat to 4%.
"Believes HD's Q2 results provide growing evidence that its investments in the business are driving engagement despite a challenging backdrop" - UBS.
"Home Depot is taking share and executing well in a difficult environment. The company should benefit as the housing market recovers, although the recovery still appears some time away" - Telsey Advisory Group.
As of last close, the stock was down about 2% year to date.
Shares rise after quarterly beat
Shares of home improvement retailer Home Depot HD.N rose as much as 1% at $341.5.
The company beat estimates for second-quarter sales and profit as strong demand from customers for repair and maintenance helped offset sluggish spending on big-ticket projects.
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