Home Depot Reports Mixed Q3 Earnings, Cuts Guidance

Home Depot HD shares are trading lower on Tuesday after the company cut its fiscal year 2019 sales growth forecast and missed third-quarter sales estimates.

The company reported quarterly earnings of $2.53 per share, which beat the analyst consensus estimate of $2.52 by 0.4%. This is a 0.8% increase over earnings of $2.51 per share from the same period last year.

See Also: More Records Shattered: Stocks Start Week At Record Highs With More Retail Earnings Next

Home Depot reported quarterly sales of $27.2 billion, which missed the analyst consensus estimate of $27.53 billion by 1.20%. This is a 3.41% increase over sales of $26.302 billion the same period last year.

Home Depot shares were trading down 4.8% at $227.40 in Tuesday’s pre-market session. The stock has a 52-week high of $239.31 and a 52-week low of $158.09.

Photo by John Phelan via Wikimedia.

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