Home Depot Lowers Full-Year Sales Outlook Due to Declining Revenue

Reported 2 months ago

Home Depot reported second quarter revenues of $43.18 billion, falling short of analysts' expectations of $43.79 billion, while adjusted earnings per share exceeded forecasts. The company has lowered its full-year sales guidance due to reduced consumer spending and larger-than-anticipated drops in same-store sales, leading to stock declines in pre-market trading.

Source: YAHOO

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