Home Depot misses on revenue, as high interest rates hurt sales
Publishing timestamp: 2024-05-14 12:13:47
Summary
Home Depot posted earnings that beat expectations but revenue missed estimates due to customers deferring major home projects because of high interest rates. The company is focusing on building its business with professionals and reaffirmed its full-year guidance despite the challenges.
Sentiment: MIXED
Tickers: HD,
Keywords: business, business news, home depot inc, home improvement store operators, retail industry, breaking news: earnings, breaking news: business,
Source: https://www.cnbc.com/2024/05/14/home-depot-hd-q1-2024-earnings-.html