Summary
ATLANTA - Home Depot doesn't yet see light at the end of the tunnel. It said Tuesday the slumping housing market that cut into its third-quarter profit is expected to continue into 2007, forcing the company to consider altering its long-term growth projections.
The nation's largest home improvement store chain reported a 3.1 percent drop in profit for the quarter ending Oct. 29. It lowered its earnings per share growth guidance for the year.See the full content of this document
Extract
Home Depot Profit Drops Amid Housing Slump
Chief Financial Officer Carol Tome said the Atlanta-based company...
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