Investing.com - Home improvement retailer Home Depot reported better-than-expected fourth quarter earnings on the back of strong revenue figures, it announced early Tuesday.
Earlier in the day, in its fourth quarter earnings report, Home Depot said earnings per share came in at USD0.68, compared to expectations for earnings of USD0.64 per share.
The company's fourth quarter revenue totaled USD18.25 billion, above expectations for revenue of USD17.70 billion.
The firm authorized USD17 billion buyback worth of shares and boosted its quarterly dividend by 34% to USD0.39 from USD0.29.
Home Depot sees full year earnings per share at USD3.37 compared to market expectations of USD3.49.
Following the release of the report, HD shares rose 1.3% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.2% at the open, S&P 500 futures added 0.2%, while the Nasdaq 100 futures indicated a gain of 0.15% at the open.
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