Home Depot Stock Slips. Why Earnings Disappointed Investors.

Published 2 months ago Negative
Home Depot Stock Slips. Why Earnings Disappointed Investors.
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Home Depot slipped Tuesday after the company reported weaker-than-expected quarterly earnings and sales, signaling there still hasn’t been a full-on rebound for home improvement. The decline in the stock came after Home Depot said its same-store sales had climbed 1% from a year ago over the second quarter. The company reported adjusted earnings of $4.68 a share as net sales rose 4.9% from a year ago to $45.3 billion.

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