Home Depot Fourth-Quarter Net Falls, But Meets Expectations
( Updated from 8:24 a.m. EST)
Home Depot (HD - Get Report) reported fourth-quarter earnings that fell from a year ago but met analysts' expectations, amid flat same-store sales that were partly hurt by weak lumber and building materials prices.
The nation's largest home improvement retailer, based in Atlanta, said fourth-quarter earnings were $465 million, or 20 cents a share, down from $578 million, or 25 cents a share, in the same period last year. Twenty analysts polled by First Call/Thomson Financial expected fourth-quarter earnings of 20 cents a share.Those earnings expectations were lowered after Home Depot
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