Home Depot earnings slide less than expected

The Home Depot posted Q4 earnings of $2.80 billion, or $2.82 per share. That was down from $3.36 billion ($3.30) a year earlier but still topped analyst estimates of $2.77 per share. Revenues fell to $34.79 billion from $35.83 billion, beating the expected $34.64 billion. “Our market is on its way back to normal demand conditions,” CFO Richard McPhail told CNBC. “We’re not quite there yet, but the pressures we saw in 2023 are receding.”