Home Depot Earnings Missed Estimates. Stock Is Up.
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Home Depot Inc (NYSE: HD) stock falls after Q2 results, but analysts remain bullish with increased price targets. $HD
The stock closed nearly 7% higher Tuesday after Japan’s SoftBank (JP:9984) agreed to invest $2 billion in
U.S. stocks end down, with the Dow off a record high made early with help from Home Depot. Investors look to earnings, Fed conference for direction.
Home Depot stock edges higher as Q2 misses estimates but pro strategy, acquisitions, and rate cut hopes support outlook.
Wall Street braced for results from retail giants as rising concerns over inflation cloud the path to an interest rate cut.
Home Depot Q2 earnings delivered a mixed picture but sent HD stock sharply higher. The retailer posted $45.28 billion in sales, up nearly 5% year-over-year, though profits missed analyst forecasts by a narrow margin.