Home Depot earnings rise in Q1

ATLANTA — Home Depot reported profits of $2.4 billion for the first quarter, up from $2.08 billion a year ago. Same-store sales however missed Wall Street estimates, rising by 4.2% rather than the expected 5.4%, partly as a result of cooler weather delaying the spring rush. Total revenues for the quarter amounted to $24.95 billion, falling short of the Zacks forecast of $25.2 billion.