Home Depot tops expectations in the fourth quarter, but customers pull back on spending

ATLANTA (AP) — Home Depot’s (HD) fiscal fourth-quarter performance was muted, hampered by an extra week in the prior-year period and ongoing caution by American consumers amid a weak housing market. But the home improvement retailer’s adjusted earnings and revenue managed to top Wall Street’s expectations. The Atlanta-based company earned $2.57 billion, or $2.58 per share, for the three months ended Feb. 1. A year earlier it earned $3 billion, or $3.02 per share. The extra week in fiscal 2024 added appr ...