Home Depot reported second quarter earnings dropped 24 percent versus Q2 2007. The drop was substantial, but less than expected. Overall, sales suffered a 5 percent decline and same-store sales dropped 7.9 percent.
Shares of Home Depot and its rival, Lowe’s (which announced better than expected earnings yesterday), have been down around 2 percent this morning.
Both companies cited the housing market […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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