Home Depot (HD) Stock: Retailer Cuts Profit Outlook as Housing Slump Weighs on Sales

TLDR Home Depot missed earnings estimates for the third consecutive quarter and cut its full-year profit forecast by lowering expected earnings per share decline from 2% to 5%. The company now expects full-year sales growth of about 3% with slightly positive comparable sales, revised from previous guidance of 2.8% sales growth and 1% comparable sales [...]

The post Home Depot (HD) Stock: Retailer Cuts Profit Outlook as Housing Slump Weighs on Sales appeared first on Blockonomi.