Home Depot Inc. (HD) is still cashing in on the housing market boom, as the home improvement retailer beat Wall Street forecasts for sales and earnings in its fourth quarter reported Tuesday. 

Home Depot posted earnings of $1.69 per share, compared with the projected $1.61. Revenue reached $23.9 billion, versus the anticipated $23.7 billion. Same-store sales also exceeded analyst predictions, clocking in at a 7.5% increase compare with 6%.

Home Depot shares were flat at Tuesday's close, trading at $186.71. 

"Our ongoing commitment to enhance the interconnected retail experience for our customers, provide localized and innovative product, and deliver best-in-class productivity resulted in record sales and net earnings for 2017," CEO Craig Menear said in a statement.

Its revenue of $23.9 billion reflects a year-by-year increase of 7.5%, as the average ticket price increased 5.5%, to $64 per shopper. The Atlanta-based chain cited a one-time expense of $127 million under the new tax law as a negative impact on the fourth quarter.

For the full fiscal 2017, Home Depot reached total sales of $100.9 billion, up 6.7% from 2016. Total comp sales grew by 6.8%. As part of its earnings report, the retailer said that it raised its quarterly dividend by 15.7% to $1.03 per share.

More from Stocks

Elon Musk, Carlos Ghosn, Huawei and Gilead Sciences - 5 Things You Must Know

Elon Musk, Carlos Ghosn, Huawei and Gilead Sciences - 5 Things You Must Know

Taking a Leap of Faith Is the Only Way to Invest Right Now

Taking a Leap of Faith Is the Only Way to Invest Right Now

German Finance Ministry Declines Comment on Deutsche Bank Merger 'Speculation'

German Finance Ministry Declines Comment on Deutsche Bank Merger 'Speculation'

What to Expect From the Markets in 2019 According to an Abbott Downing Executive

What to Expect From the Markets in 2019 According to an Abbott Downing Executive

Stocks Extend Slide, U.S. Dollar Weakens as Trade Tensions Cloud Global Markets

Stocks Extend Slide, U.S. Dollar Weakens as Trade Tensions Cloud Global Markets