Home Depot maintains full-year forecast even as it misses on earnings for second straight quarter…

Explore the latest developments concerning Home Depot maintains.

Home Depot maintains full-year forecast even as it misses on earnings for second straight quarter

Home Depot stuck by its full-year outlook on Tuesday, even as the company came in slightly shy of Wall Street's expectations for quarterly earnings and revenue. 

The home improvement retailer reiterated that it expects full-year total sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%. 

However, it missed Wall Street's earnings expectations for the second straight quarter. 

Here's what Home Depot reported for the fiscal second quarter compared with Wall Street's estimates, according to a survey of analysts by LSEG:

In the three-month period that ended Aug. 3, Home Depot's net income was $4.55 billion, or $4.58 per share, down slightly from $4.56 billion, or $4.60 per share, in the year-ago period. Revenue rose almost 5% from $43.18 billion in the year-ago period.

The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights for a comprehensive understanding of evolving situations and their broader implications across various sectors.

For more detailed information and comprehensive insights, explore recent updates concerning Home Depot maintains.

For more news, visit: For more news…