Home Depot Cuts Guidance; Microsoft & Amazon Decline; Apple Bolstered by China Sales
On this episode of Stock Movers:- Shares of Home Depot (HD) fell ahead of the US market open after the company cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases. The world’s largest home-improvement retailer said it expects adjusted earnings per share to decline 5% from a year ago, lower than its previous forecast. The company said its profit and comparable sales came in lower than expected in the last quarter, citing the overall weakness in the housing market and a lack of storms that hampered demand in…
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