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Home Depot forecasts weaker 2024 sales below Wall Street estimates due to slowing demand, marking a fifth consecutive quarterly revenue decline. Despite beating earnings and sales estimates, the company faces challenges as consumers opt for smaller home improvement projects. The stock drops after U.S. same-store sales miss, reflecting a downbeat outlook. Home Depot shares slide more than 3% before the opening bell on Tuesday.
The affordable housing crisis has hit Home Depot where it hurts https://t.co/r7YdjrD6yG
⚠️ VERISK'S ANNUAL PROFIT FORECAST FALLS SHORT AMID SPENDING UNCERTAINTY (Reuters) Verisk Analytics forecast 2024 adjusted profit below market estimates on Wednesday, as the broader data and analytics industry grapples with worries that an uncertain economy would potentially…
Home Depot shares slipped more than 3% before the opening bell Tuesday. https://t.co/azdnkVBdOx
