People put on protecting face masks outdoors Home Depot within the Flatiron district as town continues Phase 4 of re-opening following restrictions imposed to sluggish the unfold of coronavirus on August 8, 2020 in New York City.Noam Galai | Getty PicturesHome Depot’s fourth-quarter earnings surged previous traders’ expectations on Tuesday, as customers continued to spend money on their houses because of the pandemic and power of the true property market.Shares are down greater than 1% in premarket buying and selling, after the corporate didn’t present an outlook for the 12 months.Home Depot Chief Financial Officer Richard McPhail mentioned the retailer is just not certain how lengthy the pandemic will final and the way that will affect shopper spending. He mentioned if demand from the second half of final 12 months continues, it could result in barely optimistic same-store gross sales development and an working margin of at the very least 14% this 12 months.Here’s what the corporate reported for the quarter ended Jan. 31 in contrast with what Wall Street was anticipating, based mostly on a survey of analysts by Refinitiv:Earnings per share: $2.65 vs. $2.62 expectedRevenue: $32.26 billion vs. $30.73 billion anticipatedHome Depot’s web revenue rose to $2.86 billion, or $2.65 per share, up from $2.48 billion, or $2.28 per share, a 12 months earlier. Analysts surveyed by Refinitiv anticipated earnings per share of $2.62.Net gross sales rose 25% to $32.26 billion from $25.78 billion a 12 months in the past, and outpacing estimates of $30.73 billion.Its U.S. same-store gross sales jumped by 25%. Its total same-store gross sales grew by 24.5%, increased than the 19.2% development that analysts anticipated, based on a StreetAccount survey. The development is consistent with what Home Depot reported throughout the second and third quarter, when it benefited from retaining doorways open as a necessary retailer.Home Depot additionally introduced Tuesday that its board authorized a ten% enhance in its quarterly dividend to $1.65 per share.This story is creating and might be up to date.Read the whole press launch right here.