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Last updated: February 25. 2014 6:36AM - 272 Views
Associated Press



FILE - In this Aug. 14, 2012, file photo, a person walks toward a Home Depot in Nashville, Tenn. Home Depot Inc. reports quarterly financial results before the market opens on Tuesday, Feb. 25, 2014. (AP Photo/Mark Humphrey, File)
FILE - In this Aug. 14, 2012, file photo, a person walks toward a Home Depot in Nashville, Tenn. Home Depot Inc. reports quarterly financial results before the market opens on Tuesday, Feb. 25, 2014. (AP Photo/Mark Humphrey, File)
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(AP) Home Depot's fiscal fourth-quarter net income dipped 1 percent, hampered by bad winter weather and one less week in the period.


Still, its earnings topped Wall Street's view, and the No. 1 home improvement-retailer raised its quarterly dividend by 21 percent. It provided a fiscal 2014 earnings forecast below analysts' expectations.


Home Depot Inc. earned $1.01 billion, or 73 cents per share, for the three months ended Feb. 2. That compares with $1.02 billion, or 68 cents per share, a year earlier.


There were fewer shares outstanding in the current quarter.


Analysts expected earnings of 71 cents per share.


Revenue for the Atlanta company fell 3 percent to $17.7 million from $18.25 billion, hurt by one less week in the latest quarter.


Wall Street predicted revenue of $17.92 billion.


Associated Press
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