US Stock Market Move | Home Depot, Inc. (HD.US) falls more than 4% in pre-market trading. Third-quarter same-store sales performance below expectations.
On Tuesday, Home Depot (HD.US) fell more than 4% in pre-market trading, reaching $341.88.
On Tuesday, Home Depot, Inc. (HD.US) fell over 4% in pre-market trading, to $341.88. In terms of news, Home Depot, Inc.'s third-quarter profits and same-store sales were both below expectations, due to weak overall real estate market performance, as well as storms and other events reducing demand for roofing, generators, and other categories. Home Depot, Inc.'s third-quarter net sales were $41.35 billion, estimated at $40.97 billion; same-store sales increased by 0.2%, estimated at 1.36%; adjusted earnings per share were $3.74, estimated at $3.84. Home Depot, Inc. expects full-year revenue to increase by approximately 3%, compared to the previous estimate of approximately 2.8%.
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