Home Depot's stock drops after U.S. same-store sales miss, downbeat outlook
HDHome Depot(HD) Market Watch·2024-02-20 19:07

Shares of Home Depot Inc. HD, +0.35% shed 1.8% in premarket Tuesday, after the home improvement retail giant reported fiscal fourth-quarter same-U.S. store sales that missed expectations and provided a downbeat full- year outlook, but raised its dividend by 7.7%. Net income for the quarter to Jan. 28 fell to 2.8billion,or2.8 billion, or 2.82 a share, from 3.36billion,or3.36 billion, or 3.30 a share, in the year-ago period, to beat the FactSet consensus of 2.77.Salesfell2.92.77. Sales fell 2.9% to 34.79 billion, above the FactSet consensus of $3 ...