Real Money's Stock of the Day Home Depot (HD) - Get Report posted weaker-than-expected fourth quarter earnings Tuesday, thanks in part to a $247 million charge linked to Interline brands division while forecast slower 2019 profit growth.
Home Depot said earnings for the three months ending in January, the company's fiscal fourth quarter, came in at $2.09 per share, up 37.5% from the same period last year but just shy of the Street consensus of $2.16 per share. Group revenues rose 10.9% to $26.5 billion but again missing the consensus estimate. Home Depot said it took a 16 cent charge against its quarter earnings linked to its Interline Brands division, which it acquired in 2015.
Want to know what grades Cramer gives Home Depot and Lowe's? Watch to find out.