Home Depot reported a 3% drop in sales and earnings for the most recent quarter, attributed to a combination of consumer caution and a chilly housing market. The company had sales of $37.7 billion, 3% less than the same quarter a year ago, and net earnings of $3.8 billion, about …
Read More »Home Depot’s earnings beat market estimates
Dow Jones hardware heavyweight Home Depot reported Q2 results early Tuesday. Rival Lowe’s will announce earnings on August 22. HD stock rose early Tuesday. LOW stock is attempting to reclaim technical support.Homebuilders, a key market for hardware and home improvement retailers, rallied aggressively in 2023. Rising interest rates have slowed …
Read More »Home Depot’s Q1 earnings send warning signs for US retailers
Home Depot’s weak Q1 earnings send warning signs for other retailers. The revised prediction for Home Depot shows that even more affluent Americans who own homes have started to be frugal with their money. Target and other retailers who report in the upcoming weeks may be worse off due to …
Read More »Earnings Push Dow 267 points higher
Strong earnings announced by Walmart and Home Depot helped push Dow Jones and the S&P 500 indexes on Tuesday. Shares of both companies are trading higher Tuesday afternoon, sending the Dow Jones Industrial Average into the green territory. The Dow DJIA was most recently trading 267 points (0.8%) higher, as …
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