Home Depot (HD) Q2 Earnings & Sales Beat, Soft View Hurts Stock

The Home Depot Inc. (HD) has reported second-quarter fiscal 2024 results, wherein earnings and sales surpassed the Zacks Consensus Estimate. Meanwhile, the company’s top line showed slight year-over-year improvement in the second quarter of fiscal 2024. However, earnings per share declined year over year.In the quarter, the company continued to experience the adverse impacts of higher interest rates and greater macroeconomic uncertainty, further pressurizing the consumer demand for home improvement projects ...