Home Depot Profit Rises On Hurricane Sandy Sales, Improved Housing Market

This Store ActuallyFrom Hurricane Sandy
FILE - In a Tuesday, Aug. 14, 2012, file photo, aperson walks toward a Home Depot in Nashville, Tenn. Home Depots fiscal fourth-quarter net income surged 32 percent, the home improvement retailer said Tuesday Feb. 26, 2013. (AP Photo/Mark Humphrey, File)
FILE - In a Tuesday, Aug. 14, 2012, file photo, aperson walks toward a Home Depot in Nashville, Tenn. Home Depots fiscal fourth-quarter net income surged 32 percent, the home improvement retailer said Tuesday Feb. 26, 2013. (AP Photo/Mark Humphrey, File)

Feb 26 (Reuters) - Home Depot Inc reported a higher quarterly profit, aided by improvements in the U.S. housing market and sales tied to Hurricane Sandy, helping the world's No. 1 home improvement chain outshine rival Lowe's Cos Inc for the 15th straight quarter.

Net earnings for the fourth quarter ended on Feb. 3 rose to $1.0 billion, or 68 cents a share, from $774 million, or 50 cents a share, a year earlier.

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