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Home Depot posts lower quarterly profit

ft.com
20-May-2008
        
Story Timeline:  144 days

ATLANTA, May 20 (Reuters) - Home Depot reported a 66 per cent drop in quarterly profit on Tuesday as the US housing meltdown hurt sales and it took a charge to close stores and cut back expansion plans. The home improvement industry leader said earnings fell to $356m, or 21 cents a share, in the... [read full story]                    

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Latest article on this story:

Home Depot Profit Drops 66% on U.S. Housing Slump (Update2)

 inthedays.com 21-May-2008
First article on this story:

Home Depot Earnings Preview: Improve This Home Improver (at CNBC)

 yahoo.com 19-May-2008
Selected publications with coverage of this story:
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Home Depot curbs its expansion plan

thestar.com
21-May-2008
        

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...

bbc.co.uk: Logo on a Home Depot shopping trolley bbc.co.uk

Home Depot hit by housing slump

bbc.co.uk
21-May-2008
        

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...

canada.com: U.S. Democratic presidential candidate Barack Obama addresses his supporters Tuesday at his Oregon and Kentucky primary election night rally in Des Moines, Iowa. canada.com

Home Depot falls less than forecast

canada.com
21-May-2008
        

From Herald News Services Published:Â Wednesday, May 21, 2008 Retail - Home Depot Inc., the largest home-improvement retailer, reported first-quarter profit that fell less than some analysts estimated after job cuts and store closings countered a decline in sales. Net income decreased 66 per cent...

REFILE-UPDATE 3-Home Depot profit falls as US housing woes weigh

reuters.com
20-May-2008
        

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...

                   

Sustained housing slump cuts into hardware retailer Home Depot's first quarter

brandonsun.com
20-May-2008
        

ATLANTA - The Home Depot Inc. reported a 66 per cent drop in first-quarter profit Tuesday due to 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...

Sustained slump in U.S. housing cuts into Home Depot Q1 profit

canadianbusiness.com
20-May-2008
        

Harry Weber, The Associated Press ATLANTA - The Home Depot Inc. reported a 66 per cent drop in first-quarter profit Tuesday due to a large one-time charge and continued weakness in the American housing market. The results, excluding the charge, beat Wall Street expectations despite a decline in...

                   

Sustained slump in U.S. housing cuts into Home Depot Q1 profit

k-litefm.com
20-May-2008
        

By: Harry Weber, THE ASSOCIATED PRESS ATLANTA - The Home Depot Inc. reported a 66 per cent drop in first-quarter profit Tuesday due to a large one-time charge and continued weakness in the American housing market. The results, excluding the charge, beat Wall Street expectations despite a decline...

                   

Sustained slump in U.S. housing cuts into Home Depot Q1 profit

brandonsun.com
20-May-2008
        

ATLANTA - The Home Depot Inc. reported a 66 per cent drop in first-quarter profit Tuesday due to a large one-time charge and continued weakness in the American housing market. The results, excluding the charge, beat Wall Street expectations despite a decline in overall sales and sales at stores...

                   

Sustained slump in U.S. housing cuts into Home Depot Q1 profit

canoe.ca
20-May-2008
        

By Harry Weber, THE ASSOCIATED PRESS ATLANTA - The Home Depot Inc. reported a 66 per cent drop in first-quarter profit Tuesday due to a large one-time charge and continued weakness in the American housing market. The results, excluding the charge, beat Wall Street expectations despite a decline...

Housing slowdown hurts Home Depot

ft.com
20-May-2008
        

By Daniel Pimlott in New York Home Depot’s first-quarter earnings tumbled by 65 per cent after the world’s largest home improvement retailer was hit by costs from store closings and scrapping new stores, as well as a worsening housing market. Net income fell to $356m, or 21 cents a share, from...

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