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Adds analyst quote, paragraph 3-4; company comment, byline) By Karen Jacobs ATLANTA, May 20 (Reuters) - Home Depot Inc (HD.N: ) reported a 66 percent drop in profit on Tuesday as the U.S. housing meltdown hurt sales and it took a charge to close stores and curb expansion plans. The world's...
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Home Depot Profit Drops 66% on U.S. Housing Slump (Update2)
Posted by John Higgins under: Perplexity May 20 (Bloomberg) — Home Depot Inc., the largest home- improvement retailer, said first-quarter profit fell 66 percent as consumers grappling with the deepest U.S. housing slump in more than 25 years cut back on remodeling projects. Home Depot fell 4.3...
Housing slump, economy hammer Home Depot's Q1 net income (at bizjournals.com)
's profit sank 66 percent in the first quarter, as the home improvement retailer continued to battle the slumping housing market and weakening economy and also took a $543 million charge to close stores. Atlanta-based Home Depot (NYSE: HD) had net income of $356 million and earnings of 21 cents a...
Home Depot: Avoiding Shares Until Management Takes Charge (at Seeking Alpha)
by: Todd Sullivan posted on: May 21, 2008 | about stocks: HD / LOW Yesterday I posted an article about Lowe's , saying "I thought earnings would have been worse". Today, after Home Depot's earnings I am thinking "wow, that bad?" The Home Depot reported Q1 consolidated net earnings of $356...
Home Depot curbs its expansion plan
Top U.S. home retailer takes hit to shut stores after housing decline hammers net earnings Karen Jacobs Reuters News Agency ATLANTA–Home Depot Inc. reported a 66 per cent drop in first-quarter profit as the U.S. housing meltdown hurt sales and it took a charge to close stores and curb expansion...
Home Depot's profit drops 66 percent
Associated Press ATLANTA -- The Home Depot Inc. doesn't know if stimulus checks making their way to potential customers are enough to improve its fortunes this year, the company said Tuesday as it reported a 66 percent drop in first-quarter profit. The world's largest home-improvement store chain...
Home Depot sees 66#x25 drop in quarterly profit
Published: Wednesday, May 21, 2008 1:06 a.m. MDT ATLANTA — The Home Depot Inc. doesn't know if stimulus checks making their way to potential customers are enough to improve its fortunes this year, the company said Tuesday as it reported a 66 percent drop in first-quarter profit. The world's...
Home Depot's profit tumbles
ATLANTA - Home Depot doesn’t know if the stimulus checks making their way to potential customers are enough to improve its fortunes this year, the company said Tuesday as it reported a 66 percent drop in first-quarter profit. The world’s largest home improvement store chain did not give detailed...
Home Depot report fall in profit
Home Depot report fall in profit The Home Depot Inc. reported falls in profits after the market analysis were released over the job cuts and decline in sales due to closing of stores. In the New York trading the prices of the company went up by 2.4 %. The net income of the company went down...
Home Depot reports drop in profit
• Home Depot reported a 66 percent drop in first-quarter profit because of a large one-time charge and continued weakness in the housing market. The results, excluding the charge, beat Wall Street expectations despite a decline in overall sales and sales at stores open at least a year. The...
Home Depot hit by housing slump
Shares in Home Depot fell 5.2% in New York after the DIY chain reported a 66% fall in three month profit, hit by the US housing slump. Net earnings fell to $356m (£181m), which included a $543m charge for closing 15 stores and scrapping plans to open 50 new ones. Home Depot also warned that full...
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Corporate Performance, Analyst Comments, Earnings Estimates, Corporate Earnings, Home Depot
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