Shares of Home Depot Inc. dropped 2.8% toward a three-month low in premarket trading Tuesday, after the home improvement retail giant reported fiscal...
Shares of Home Depot Inc. HD dropped 2.8% toward a three-month low in premarket trading Tuesday, after the home improvement retail giant reported fiscal fourth-quarter sales that missed and provided a downbeat outlook, citing persistent inflation, continued supply chain disruptions and a tight labor market. Net income edged up to $3.36 billion, or $3.30 a share, from $3.35 billion, or $3.21 a share, in the year-ago period. The topped the FactSet consensus of $3.30. Sales grew 0.3% to $35.
8% toward a three-month low in premarket trading Tuesday, after the home improvement retail giant reported fiscal fourth-quarter sales that missed and provided a downbeat outlook, citing persistent inflation, continued supply chain disruptions and a tight labor market. Net income edged up to $3.36 billion, or $3.30 a share, from $3.35 billion, or $3.21 a share, in the year-ago period. The topped the FactSet consensus of $3.30. Sales grew 0.3% to $35.
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