Home Depot earnings miss estimates

ATLANTA — Home Depot reported Q4 sales of $26.5 billion, a 10.9% increase from a year ago, with comparable sales up 3.2%. Net earnings for the quarter were $2.3 billion, or $2.09 per diluted share, compared with $1.8 billion, or $1.52 per diluted share, in Q4 of 2017. The results fell short of Wall Street estimates, which projected sales of $26.57 billion. In addition to one-time tax charges, the company took a hit from a snowy winter, which dampened construction activity in the U.S.