Home Depot Swings To Profit In 4Q, Ups Dividend;Outlook Upbeat
Home Depot Inc. (HD) swung to a better-than-expected profit in the fiscal fourth quarter on smaller charges and a reversal to positive same-store sales, as consumers–especially those abroad–warmed up to renovation spending. Carried by the momentum, the world’s top home-improvement retailer also gave a cheery outlook for this year and boosted its quarterly dividend. Home [...]
Navistar swings to fiscal 4Q profit
Truck and engine maker Navistar International Corp. on Monday posted a profit that soundly beat Wall Street forecasts for its fiscal fourth quarter driven by a pickup in commercial truck volume and further military sales. For the quarter ended Oct. 31, the company earned $86 million, or $1.19 a share, compared with a year-ago loss [...]
