Shares of Home Depot (HD) tick higher in Tuesday's pre-market trading after the company posted an earnings beat in the third quarter and raised its guidance for the full year. Home Depot saw $40.2 billion in sales in the quarter, a 6.6% increase year-over-year. The company's adjusted earnings per share came out to be $3.78 in the quarter.

Home Depot CEO Ted Decker cited the warmer weather and active hurricane season in boosting its total sales, saying on the earnings call: “As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as well as incremental sales related to hurricane demand.”

The DIY retailer's CFO Richard McPhail adding that while demand from contractors was higher in the quarter, homeowners are still waiting for lower interest rates to pursue larger remodeling projects.

Looking ahead to the rest of the year, Home Depot is expecting total revenue to rise 4%, up from a previous estimate between 2.5% and 3.5%. It is also anticipating a narrower decline in comparable store sales, down to 2.5% from its previous outlook of a 3 to 4% drop.

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This post was written by Kayla Hawkins.