That was two cents above estimates. Revenue slightly shy of consensus at about 17. 7 billion. The companys projecting samestore sales growth of about 4. 6 . For 2014. Not 4. 5 or 4. 7. I dont think theyve got that kind of visibility. But probably averaging it out. And it l announced a 21 Dividend Increase to 47 cents a share. And i know you might ask what is the dividend . What is the yield on home depot right now so i know whether thats a good yield . Its 1. 56, had been, and it was yielding 2 at that point. So a little bit over 2 . Whats that . Increasing at 21 . Could someone give a shot of so lets call it 2. 4 now, then. Excellent. Excellent. 47 cents a share. Its interesting, im just looking through the release. They dont say anything about weather because thats been one of the huge you think for them for all these retailers is what happens with weather, how it impacted you go to home depot to get stuff to fix your roof and to fix all the stuff that messes up because of the weathe
Not by as much as the company had indicated it could have. Its the first hike since the service was introduced. A lot happening in the Retail Sector today. Data showing a slight increase in february sales. Results from Dollar General and jcpenney relaunching its home goods department. And some new information in the gm ignition switch recall. The automaker now telling affected owners not to weigh down their key rings with anything more than the car key and key fob. Well talk more about that. First up, though, amazon is raising the price of its prime Subscription Service to 99 up from 79. The first increase sense the service was introduced nine years ago. Prime offers free twoday shipping and access to thousands of streaming movies and tv shows. Amazon said those who sign up for prime in the next seven days can lock in the 79 rate. Nice to be grandfathered if you act quickly. The big question, though, is and you, david, know this company pretty well by now i do. How much do people exit
Analytics reporting bargain hungry shoppers bought less. Sales fell by mid single digit percentage at brick and Mortar Stores on friday and saturday. That compares to the same days last year. But, heres the important part, it does not include online sales which of course have been the story of the season. Wellknown industry analyst dana telsey will join us with her thoughts later this morning. In the meantime, Steve Weissman has the headlines. Apple announced it has signed a longawaited agreement with china mobile to sell iphones to the worlds mobile phone users. It could add billions of dollars to apples revenue. It will start january 17th. China mobile will begin preorders on wednesday. Eunice yoon will join us. Tiffany must pay swatch 449 million in damages over a failed joint venture to produce and market watches. Tiffany is cutting its full year profit outlook. Boeings unionized machinist workers will vote january 3rd on the latest contract. Where boeing makes the 777 voted two to
Incredible run, not only for that one, but facebook has doubled in 2013 this year. That really is one of the stories of the year. Remember, when twitter went public, there were lots of people saying the retail interest, thats how we should have known, the retail interest wasnt that strong. There was a lot of institutional interest, and people thought after price, hitting near 50 on the first day of trade, drifting back to the 30s. Instead, it has marched steadily higher. You can feel people buying in, ramping up into the year end. Going back to november early november. And just an incredible run. There it was at 38 when it was at its low, and now were at 68. Unbelievable. Well get to more of that. Meanwhile, the dow is heading for its fifth Straight Record close after a much betterthanexpected surge in durable goods orders. A lot of the Economic Data have been pretty good. So i think it was a prescient decision by the fed last week. And some fed officials are saying how surprised they
Gaining back what we lost last week. For everyone who points to the geopolitical concern moving to the back burner, there will be someone who says you never want to take a guy like Vladimir Putin at his word. Also, the market keeping an eye on the fed. At this hour tomorrow janet yellen will be in the midst of her first News Conference. Right now were in day one of na twoday meeting. Well lay out what investors should expect. Then remember earnings . That matters i think i heard of it. As well today. We have two big ones coming tonight. Two tech titans will be reporting at the top of the hour, oracle and adobe. Of course, we will have the numbers, the market response, and the complete analysis coming up right here. And so on this tuesday, the Dow Jones Industrial average up 108 points to 16,355. Take a look at the nasdaq which is rallying nicely as well, up about 70 points. Im sorry, its up about 52 points. The s p 500 finally adding 14 this hour. 1873 is the level there, and believe i