Home Depot reports Q1 increases

ATLANTA — Home Depot reported a 9% rise in quarterly sales Tuesday. The company’s net income rose to $1.80 billion, or $1.44 per share in the first quarter ended May 1, from $1.58 billion, or $1.21 per share, a year earlier. Revenue came in at $22.76 billion, up from $20.89 billion in the prior-year period. Analysts expected Home Depot to post earnings of $1.36 per share on $22.39 billion in revenue, according to a consensus estimate from Thomson Reuters.