Home Depot Q2 Earnings: Customer Transactions Decline, Cites Weaker Home Improvement Spending But Raises Annual Revenue Outlook
Portfolio Pulse from Akanksha Bakshi
Home Depot (NYSE:HD) reported Q2 2024 earnings with a slight revenue miss and a decline in customer transactions. Despite weaker home improvement spending, the company raised its annual revenue outlook. HD shares are trading lower by 2.36% in the premarket.
August 13, 2024 | 11:39 am
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Home Depot reported Q2 2024 earnings with a slight revenue miss and a decline in customer transactions. Despite weaker home improvement spending, the company raised its annual revenue outlook. HD shares are trading lower by 2.36% in the premarket.
Home Depot's Q2 earnings report showed a slight revenue miss and a decline in customer transactions, which are negative indicators. However, the company raised its annual revenue outlook, which is a positive sign. The mixed results have led to a short-term negative impact on the stock price, as evidenced by the 2.36% drop in premarket trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100