Home Depot Stock Slides After Q3 Miss and Profit Warning
Shares of Home Depot Inc. (HD) dropped nearly 3% in pre-market trading following a fiscal Q3 earnings miss and downward revision of full-year guidance. The home improvement retailer cited reduced storm-related demand as a key factor.
The company now anticipates a 5% annual decline in adjusted EPS, worse than its prior forecast of a 2% drop. Home Depot serves both professional contractors and DIY customers across building materials, tools, and appliances.