Home Depot Posts Higher Profit

Novartis announces acquisitions; May and Federated reportedly continue merger negotiations; plus more of Tuesday's stocks in the news

Home Depot (HD ) posted fourth-quarter earnings per share of 47 cents, vs. 42 cents one year earlier, on 4.6% higher same-store sales and 11% higher total sales. The company reiterated its fiscal 2006 guidance for sales growth of 9% to 12% and EPS growth of 10% to 14%.

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