Home Depot Stock Dips Despite Earnings Beat and Dividend Hike

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Home Depot

stock lost steam Tuesday even as the home-improvement retailer reported stronger-than-expected quarterly profits and announced a 15% increase in its dividend.

Home Depot (ticker: HD) reported fourth-quarter net earnings of $3.4 billion on sales of $35.7 billion, delivering earnings per share of $3.21. Profits climbed from $2.9…