What to Look for in Home Depot’s Earnings Report
Home Depot (NYSE: HD) has given investors plenty to celebrate in its last few quarterly announcements, including market share gains and steadily rising profitability. Yet the home improvement giant's late-August report contained some warning flags that led management to reduce its outlook for the full year.
Executives said at the time that the downgrade mostly had to do with temporary issues and was not a reflection of a weaker industry or worsening competitive position against peers like Lowe's (NYSE: LOW). Investors will find out if those bullish comments were right when the company posts its fiscal third-quarter results on Tuesday, Nov. 19.
Let's take a closer look.
Source Fool.com
