The revitalization of the U.S. housing market helped Home Depot Inc. top the quarterly profit and sales assessments made by analysts on Tuesday. The company gained enough to improve their stance for this fiscal year. 

Home Depot's shares rose to 3.3% at USD 77.70 in trading before the market opened. The company's net earnings increased to USD 1.80 billion, or USD 1.24 per share in the second quarter that ended August 4 from USD 1.43 billion, or USD 1.01 per share last year. Early reports from Thomson Reuters said that analysts expected a profit of USD 1.21 per share.

Home depot recorded increased rates of sales in May, specifically in its Arizona and Nevada stores. Home Depot attributed improvement of sales to the increased patronage of contractors and professional customers compared to individual homeowners and other shoppers. 

Home Depot Inc. is the largest home improvement chain in the world. It is an American retailer for materials used in home improvement, construction products and services.