Home Depot Stock Slides as Weak Demand Dings Earnings

Shares of blue chip Home Depot Inc (NYSE:HD) are off 3.9% to trade at $345.93, after the home improvement chain reported adjusted third-quarter earnings of $3.74 per share, which fell short of estimates. While revenue topped forecasts, Home Depot also slashed its full-year outlook, citing weak demand and less storm damage to homes of late. The report has sector peer Lowe's (LOW) also in the red today.Should these losses hold, HD will be headed for a fifth-straight drop and worst single-session performance s ...