Home Depot lowers sales outlook after third-quarter revenue miss
Home Depot HD, +0.66% lowered its fiscal year sales guidance as it reported a 3% decline in its fiscal third quarter to Nov. 3 earnings of $2.77 billion, or $2.53 a share. Revenue rose 3.5% to $27.22 billion, and its U.S. comparable-store sales grew 3.8%. The company said its sales were below expectations because of "the timing of certain benefits associated with its One Home Depot strategic investments." Analysts polled by FactSet expected earnings of $2.52 a share on sales of $27.
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