Home Depot Inc. missed Wall Street earnings estimates as the home construction products company fell short of same-store sales projections on Tuesday. Home Depot said its first-quarter profit fell to $3.4 billion or $3.45 a share, from $3.6 billion, or $3.63 a share, in the year-ago period. Adjusted profit of $3.56 a share came in below the FactSet consensus estimate of $3.60 a share. Same-store sales fell 0.3% against the analyst estimate for a drop of 0.1%. Home Depot's total revenue beat expectations, however, with a 9% rise to
-Steve Gelsi
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May 20, 2025 06:14 ET (10:14 GMT)
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