Earnings roundup: Home Depot, MetroPCS

Earnings roundup: Home Depot's 4Q net income rises; MetroPCS says 4Q net income down

Associated Press

Among the earnings stories for Tuesday, Feb. 26, from AP Business News:

— The Home Depot Inc., the largest U.S. home improvement retailer, said its fiscal fourth-quarter net income surged 32 percent, beating expectations, helped by strong U.S. sales and the cleanup related to Superstorm Sandy.

— Cellphone company MetroPCS Communications Inc. said that its fourth-quarter net income tumbled 65 percent, hurt by a drop in subscribers.

— Akorn Inc.'s fourth-quarter earnings climbed 54 percent, as acquisitions and the sale of newly approved products helped improve the generic drugmaker's revenue.

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