3 were $2.3 billion, or $2.09 a share, from $1.8 billion, or $1.52 a diluted share, in the same period a year ago. The FactSet consensus for earnings per share was $2.16. Revenue rose 10.9% to $26.5 billion, below the FactSet consensus of $26.578 billion, as U.S. same-store sales rose 3.7%, which was below expectations of 4.3% growth.
The company said fourth-quarter results were hurt by a pre-tax charge of approximately $247 million, or $184 million after tax, equating to 16 per share a diluted share. Separately, the company increased its dividend 32% to $1.36 a share, and announced a $15 billion share buyback. Home Depot shares are up 10.6% year to date, compared against a gain of about 10.6% in for the S&P 500 index
Hum Imagine that. Consumers no longer able to afford 4x8 sheets of Georgia Pacific plywood whose cost has risen 3.5x over the past 15 years.
Another reason not to invest in individual stocks. Invest in ETFs SPY & VT so on. ETFs tracking broad indices. Leave individual stocks to money managers who very barely beat averages!
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