Home Depot Inc, the world's largest home improvement retailer, reported higher-than-expected quarterly profit on Tuesday as it held down costs and consumers took on spring projects. But the retailer said it still expects full-year profit to fall about 24 percent this year, in line with its most recent forecast.
Shares of Home Depot rose less than 1 percent in pre-market trading. The second quarter is typically one of the strongest for home improvement retailers as consumers spruce up their houses in warmer weather.