UPDATE: Home Depot Posts Upbeat Q4 Profit, Lifts Dividend
Home Depot (NYSE: HD) reported a better-than-expected fourth-quarter profit and raised its quarterly dividend by 21%.
Home Depot's quarterly earnings per share surged to $0.73 versus $0.68 in the year-earlier period. However, its net profit fell to $1.01 billion versus $1.02 billion.
Its sales declined 3% to $17.7 billion. However, analysts were estimating earnings of $0.71 per share on sales of $17.9 billion. Its same-store sales also gained 4.4% in the quarter.
Home Depot lifted its quarterly dividend by 21% to $0.47 per share.
Home Depot shares closed at $77.87 yesterday.
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