Home Depot (HD) posts 4Q earnings of $671 million, or 40¢ a share, due in part to higher operating costs. Revenue increases 1.5% to $17.66 billion, but fall 4.7%, excluding an extra week during the quarter. Th retailer forecasts fiscal-year earnings from continuing operations to slump 19%-24% on a total sales decline of 4%-5%.
HD was expected to earn 43 cents a share. The stock is down slightly in premarket trading.
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