Tuesday, August 20, 2019

Home Depot stock rises on better-than-expected profits even as the company lowers outlook on tariff worries

Home Depot shares climbed more than 3% Tuesday morning after the retailer released a mixed earnings report that investors attributed to a weakening housing market.

Home Depot’s fiscal second-quarter sales missed analysts’ expectations, and the company lowered its sales outlook for the year amid fears that the trade war will slow consumer spending. But its earnings topped estimates, and analysts say that positions Home Depot well for the back half of 2019.. . . more