Home Depot Beats Q4 Views; Dividend Hiked 29%, $15 Billion Buyback OK'd

Home-improvement chain Home Depot (HD) easily topped fourth-quarter forecasts on Tuesday while also announcing a steep payout increase and a hefty stock repurchase.

Estimates: Earnings per share rising 14% to $1.33, with revenue up 4% to $21.793 billion.

Results: EPS of $1.44 on revenue of $22.2 billion. Total same-store sales rose 5.8%, well above the Consensus Metrix forecast of 3.5%. U.S. same-store sales climbed 6.3%. Home Depot also raised its dividend 29% to 89 cents, and approved a...

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