Home Depot Stock Drops 5%, Investors Weigh Q3 Results

Home Depots stock price dropped by five percent following their third-quarter financial results, which missed investor expectations on adjusted earnings per share and lacked growth in same-store sales. The company reported three dollars and seventy-four cents per share, falling short of the predicted three dollars and eighty-three cents. Despite a slight improvement in same-store sales, the lack of growth and earnings miss led to a significant market reaction, with shares closing at three hundred thirty-seven dollars and forty-five cents, a nearly six percent decrease from their previous closing price. This recent dip suggests that the market views these results as meaningful, even if they might not fundamentally alter the long-term perception of the business.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.