EARNINGS
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Other earnings, excluding one-time gains and charges unless noted:
* Home Depot Inc. said its profit jumped 36% in the fiscal fourth quarter to $418 million, or 27 cents a share, as home sales fueled demand for kitchen, flooring and other remodeling products. The results beat estimates by a penny. Revenue grew 27% to $7.26 billion, and sales at stores open at least a year climbed 9%.
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Limited Inc.’s fiscal fourth-quarter earnings rose 13% to $250.5 million, or $1.07 a share, matching estimates, as revenue rose 6.5% to $3.26 billion. Same-store sales were up 6%. Strong results at Express and Intimate Brands were offset by weaker sales at Limited’s namesake chain of women’s clothing stores.
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Nextel Communications Inc. said its fourth-quarter loss narrowed to $371.3 million, or $1.29 a share, from $779.5 million, or $2.95, a year ago, far better than estimates of a $1.41-a-share loss. Sales more than doubled, to $591.6 million from $275.1 million, as Nextel added 372,500 U.S. customers to its digital phone network.
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