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Feb. 25, 2020, 6:07 a.m. EST

Home Depot tops fourth-quarter earnings view and hikes dividend by 10%

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By Steve Goldstein

HD

The Home Depot /zigman2/quotes/208081807/composite HD -1.44% said fiscal fourth-quarter ending Feb. 2 net income rose 5.8% to $2.48 billion, or $2.28 a share, while sales fell 2.7% to $25.78 billion. Analysts polled by FactSet had forecast earnings of $2.11 a share on sales of $25.76 billion. The world's largest home-improvement retailer said the extra week of operations in fiscal 2018 added $1.7 billion in sales, as comparable sales rose 5.2%. For fiscal 2020, Home Depot forecasts EPS of $10.45, sales growth between 3.5% and 4%, and comparable sales growth between 3.5% and 4%. Analysts had forecasted 2020 EPS of $10.51. Home Depot hiked its dividend by 10% to $1.50 a share.

/zigman2/quotes/208081807/composite
US : U.S.: NYSE
$ 178.70
-2.61 -1.44%
Volume: 7.30M
April 3, 2020 6:30p
P/E Ratio
17.43
Dividend Yield
3.36%
Market Cap
$192.06 billion
Rev. per Employee
$261,993
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