Markets

Home Depot slides as lack of future profit guidance outweighs earnings beat

6 days ago   |   By Business Insider

Nicholas Kamm/AFP via Getty Images
Shares of Home Depot declined by over 6% on Tuesday as the company opted not to provide profit guidance for 2021.
The company reported earnings that grew 16% to $2.65 per share, higher than analysts' expectations.
Revenue, meanwhile, jumped 25% to $32.26 billion, also higher than the $30.7 billion that analysts expected.
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Shares of Home Depot slipped as much as 6% on Tuesday as the largest home improvement retailer in the country declined to provide profit guidance for 2021, citing...
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Macy's holiday sales dropped, but beat Wall Street estimates, as stimulus checks and strong online demand cushioned the blow of the pandemic

6 days ago   |   By Business Insider

Peopple waiting for Macy's store to open.
AP Photo/David Zalubowski
US retail store Macy's posted on Tuesday better-than-expected sales in the holiday quarter.
Net sales fell to $6.78 billion, but this beat estimates of $6.50 billion.
Macy's is betting on vaccine rollouts allowing customers to return to its department stores after pandemic curbs.
Visit the Business section of Insider for more stories .
Macy's forecast 2021 sales largely above Wall Street estimates on Tuesday as it bet on vaccine rollouts allowing customers to return to its department stores after pandemic curbs. The upbeat...
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Home Depot's Q4 sales jumped 25% to $32.3 billion, beating analyst estimates, but it said future consumer spending remained uncertain

6 days ago   |   By Business Insider

Nicholas Kamm/AFP via Getty Images
Home Depot on Tuesday posted a 25.1% spike in fourth-quarter total sales to $32.3 billion.
Same-store sales jumped 24.5%, beating analysts' average estimate of an 18.9% increase.
The outlook for consumer spending remained uncertain, Home Depot said.
Visit the Business section of Insider for more stories .
Home Depot beat quarterly same-store sales estimates on Tuesday, riding a sustained wave of demand for home improvement goods as the COVID-19 pandemic drags on. However, the company's shares fell 1.5% in low-volume premarket trading, after Home Depot...
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