Home Depot tops expectations in the fourth quarter, but customers pull back on spending

By MICHELLE CHAPMAN, AP Business Writer

Home Depot’s fourth-quarter performance was muted by ongoing caution from American consumers in a weak housing market, but the home improvement retailer topped Wall Street expectations.

The Atlanta company earned $2.57 billion, or $2.58 per share, for the three months ended Feb. 1. Stripping out one-time charges or benefits, earnings were $2.72 per share, topping analyst projections for per-share earnings of $2.53, according to FactSet.

Related Articles

• It’s full speed ahead for more than $21M in repairs to San Diego’s bayfront convention center
• Relief after ‘years of worsening affordability’?: San Diego home prices up, but not by much
  Read Entire Article