Stocks in the News: Home Depot, Sears, Nordstrom


The following is a round-up of news likely to affect stock prices today:

Home Depot (HD) reported a fourth-quarter profit of $342 million, or 20 cents a share, due to cost-cutting and gains in sales. The largest U.S. home-improvement retailer also raised its dividend for the first time since 2006. Adjusted earnings were 24 cents a share, handily beating estimates of 16 cent a share. Sales dipped 0.3% to $14.57 billion, but topped Wall Street's expectations of $14.07 billion. Shares advanced 1.6% in premarket trading.