Home Depot shares tumbled Tuesday after the company once again cut its 2019 forecast, and also reported same-store sales well below estimates.
The company said revenue, which also missed analysts’ targets, was hurt by investments it is making in its business. Earnings came in a penny better than expected.
Shares of Home Depot were down about 5% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $2.53, adjusted, vs. $2.52 expected Revenue: $27.22 billion vs. $27.53 billion expected Same-store sales growth, global: 3.6% vs. 4.7% expected