Home Depot reported better-than-expected profit and revenue in the fourth quarter as the company rides a sustained recovery in the housing market. The nation’s largest home improvement retailer boosted its quarterly dividend by 17 percent. Solid job gains and low mortgage rates have fueled a rebound in home sales. Home Depot earned $1.47 billion, or $1.17 per share, for the three months ended Jan. 31, up from $1.38 billion, or $1.05 per share, a year ago.
Consumer confidence lowest since July
Consumer confidence fell in February to the lowest level in seven months as worries about a slowing economy and tumbling stock prices took a toll. The Conference Board said Tuesday that its consumer confidence index dipped to 92.2 this month, down from a reading of 97.8 in January, which had been a three-month high. The February reading was the lowest since confidence stood at 91 in July.
Google Compare to be shut down
Google Compare, a website started last year to help consumers shop for car insurance and other financial products, will shut down by the end of March. The search engine giant initially offered the site to consumers in its home state of California in early 2015. More states were eventually added. In an email to its partners, Google Compare said that it is “ramping down” the site, and it will be completely inoperable as of March 23.
Last call for Young Professionals Summit
The Greater Omaha Chamber of Commerce is issuing its last call for tickets for the 2016 Young Professionals Summit. Thursday is the registration deadline for tickets to the March 3 event at the CenturyLink Center Omaha. It is also the last day ticket holders can cancel and still receive a refund. Tickets to the event are $150. Visit omahayp.org/summit for tickets and more information.