Home Depot Earnings Missed Estimates. Why Rate Cuts Are More Important to the Stock.

Published 2 months ago Negative
Home Depot Earnings Missed Estimates. Why Rate Cuts Are More Important to the Stock.
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Home Depot reported weaker-than-expected quarterly earnings and sales, signaling there still hasn’t been a full-on rebound for home improvement. Home Depot’s same-store sales climbed 1% from a year ago, compared with the 1.2% analysts were forecasting. Home Depot Chief Financial Officer Richard McPhail said in an interview with CNBC that comparable sales rose 3.3% that month.

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