Home Depot Profits Tumble 31%, Shares at Critical Levels (HD)
Posted on November 18, 2008 at 11:56 AM EST
The Home Depot, Inc. (HD) just reported its third quarter profits fell 31 percent to $756 million, or 45 cents per share. That’s down from $1.09 billion, or 60 cents per share, in the same period last year. Management is forecasting a larger drop in full-year sales due to the weakening housing and home improvement markets. [...]