Why Home Depot Stock Dropped Today
Home Depot (NYSE: HD) stock tumbled 3.4% through 11:10 a.m. ET Tuesday morning after missing on earnings but beating on sales.
Analysts forecast the home improvement retailer would report a $3.83 per share Q3 profit on sales of $41.1 billion. Home Depot actually earned only $3.74 per share, adjusted for one-time items, although its sales were $41.4 billion.
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Source Fool.com
