Home Depot Beats Estimates Amid Frozen Housing Market Conditions
Earnings·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Home Depot Inc. reported second fiscal quarter results that beat Wall Street expectations on the top and bottom lines. The results indicate that spending on improvement projects is holding up despite high borrowing and housing costs.
Despite a 'frozen housing market,' Home Depot's revenue rose as customers shifted focus from larger projects to smaller ones. The company reaffirmed its guidance, showcasing resilience in a challenging economic environment.
Home Depot
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Home Depot Inc.’s results beat estimates in the latest quarter, a sign that spending on improvement projects is holding up despite high borrowing and housing costs.”
Bloomberg — Home Depot Results Beat Estimates, Overcoming Housing Slump“Home Depot reported second fiscal quarter results that beat Wall Street expectations on the top and bottom lines.”
CNBC — Home Depot reaffirms guidance amid 'frozen housing market conditions'“The home improvement retailer beat Wall Street estimates in its second quarter as its customers continued to take up smaller projects.”
MarketWatch — Home Depot revenue rises even as customers turn away from bigger projects“Home Depot Beats Estimates in a “Frozen” Housing Market”
Yahoo Finance — Home Depot Beats Estimates in a “Frozen” Housing Market
Earlier versions
- Aug 18, 12:32 PM — Home Depot Beats Estimates with 1.7% Sales Growth (2/2)