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 ATLANTA (AP) - The Home Depot Inc., the nation's largest home improvement store chain, reported Tuesday a more than 23 percent jump in fourth-quarter profit on strong sales and reiterated that it expects to see continued growth in 2006.
The results beat Wall Street expectations, and Home Depot shares initially rose sharply before dropping off as the overall market fell on a surge in oil prices.
The Atlanta-based company said it earned $1.29 billion, or 60 cents a share, for the three months ending Jan. 29, compared to a profit of $1.04 billion, or 47 cents a share, for the same period a year ago.
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