Feb 25 Home Depot Inc reported
weaker-than-expected sales in the fourth quarter as inclement
weather hurt traffic to its stores in the United States, and its
shares fell on Tuesday.
The world's largest home improvement chain's sales fell 3
percent to $17.70 billion, missing the analysts' estimate of
$17.91 billion, according to Thomson Reuters I/B/E/S.
It kept a tight lid on costs to offset lackluster sales.
Net earnings were $1.01 billion, or 73 cents a share,
compared with $1.02 billion, or 68 cents a share, a year
earlier. Analysts were looking for a profit of 71 cents a share.