Home Depot 4Q mixed, boosts quarterly dividend

Print
Email
|

Associated Press

Posted on February 25, 2014 at 6:01 AM

Updated Tuesday, Feb 25 at 7:02 AM

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.

Print
Email
|
Business News Video
More Video