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.