ATLANTA (AP) — Home Depot’s fiscal fourth-quarter net income
dipped 1 percent, hampered by bad winter weather and one less week in
the period.
Still, its earnings topped Wall Street’s view, and the
No. 1 home improvement-retailer raised its quarterly dividend by 21
percent. It provided a fiscal 2014 earnings forecast below analysts’
expectations.
Home Depot Inc. earned $1.01 billion, or 73 cents
per share, for the three months ended Feb. 2. That compares with $1.02
billion, or 68 cents per share, a year earlier.
There were fewer shares outstanding in the current quarter.
Analysts expected earnings of 71 cents per share.
Revenue
for the Atlanta company fell 3 percent to $17.7 million from $18.25
billion, hurt by one less week in the latest quarter.
Wall Street predicted revenue of $17.92 billion.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
ATLANTA (AP) — Home Depot’s fiscal fourth-quarter net income
dipped 1 percent, hampered by bad winter weather and one less week in
the period.
Still, its earnings topped Wall Street’s view, and the
No. 1 home improvement-retailer raised its quarterly dividend by 21
percent. It provided a fiscal 2014 earnings forecast below analysts’
expectations.
Home Depot Inc. earned $1.01 billion, or 73 cents
per share, for the three months ended Feb. 2. That compares with $1.02
billion, or 68 cents per share, a year earlier.
There were fewer shares outstanding in the current quarter.
Analysts expected earnings of 71 cents per share.
Revenue
for the Atlanta company fell 3 percent to $17.7 million from $18.25
billion, hurt by one less week in the latest quarter.
Wall Street predicted revenue of $17.92 billion.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.