November 13, 2007

Home Depot posts lower profit, cuts outlook (Reuters)

The Home Depot on 59th Street in Manhattan in a photo courtesy of the company. Home Depot posted a 27 percent drop in quarterly profit and forecast a steeper fall in full-year earnings on Tuesday as the slumping U.S. housing market cut into sales. (Handout/Reuters)Reuters – Top home improvement retailer Home
Depot Inc posted a 27 percent drop in third-quarter
quarter profit and forecast a steeper fall in full-year
earnings on Tuesday as the slumping U.S. housing market cut
into sales and it lost market share.

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