Trending: Home Depot 4Q Sales Miss Expectations
February 21 2023 - 10:37AM
Dow Jones News
10:06 ET -- Home Depot Inc. is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Home Depot Inc. reported fourth-quarter
sales that missed expectations, and provided a downbeat outlook,
citing persistent inflation, continued supply chain disruptions and
a tight labor market. Income edged up to $3.36 billion, or $3.30 a
share, from $3.35 billion, or $3.21 a share, in the year-ago
period. Sales rose 0.3% to $35.83 billion but were below the
FactSet consensus of $35.97 billion, as same-stores sales declined
0.3% versus expectations of a 0.3% increase. Dow Jones & Co.
owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
February 21, 2023 10:22 ET (15:22 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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