Tag: $Home Depot

Shares of Home Depot surged in early Tuesday trading, after the home-improvement retail giant pleasantly surprised investors with growth in a key sales metric and beat profit expectations by the widest margin in years.

Home Depot on Tuesday cut its full-year profit forecast and missed Wall Street’s earnings expectations for the third straight quarter as it saw weaker home improvement demand, tepid consumer spending and lower-than-usual storm activity.

Home Depot’s sales rose during its busiest selling season, even as do-it-yourself customers made fewer transactions while higher interest rates weigh on consumer spending.

Home Depot on Tuesday stuck by its full-year sales forecast as a top executive told CNBC the retailer doesn’t plan to hike prices because of tariffs.

Home Depot on Tuesday topped Wall Street’s quarterly sales expectations, even as elevated interest rates and housing prices dampened consumer demand for large remodels and pricier projects.

Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending.

Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand.

Home Depot Inc. posted better-than-expected third-quarter earnings early Tuesday, but said its customers were avoiding certain big-ticket items.

Home Depot topped earnings expectations on Tuesday, but posted a 2% year-over-year sales decline as customers remained wary of big purchases and major projects.

Home Depot on Tuesday reported its biggest revenue miss in more than 20 years and lowered its forecast for this year.