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Home Depot Cuts FY24 Earnings, Comps View, Lifts Sales Forecast; Stock Down

Home Depot Cuts FY24 Earnings, Comps View, Lifts Sales Forecast; Stock Down

Shares of Home Depot, Inc. were losing more than 5 percent in the pre-market activity on the NYSE after the home improvement retailer on Tuesday reported weak earnings in its second quarter amid lower comparable sales, despite a slight growth in total sales. However, adjusted earnings beat the Street estimates. Further, the company revised down its fiscal 2024 earnings view, to now expect a...
RTTNews | Pred 64 dňami
Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk

Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk

South Korean consumer electronics major Samsung Electronics Co Ltd. is recalling about 1.12 million units of Slide-in Electric Ranges after reports of around 250 fires, some of which caused injuries, extensive property damage and pet deaths, the U.S. Consumer Product Safety Commission said.
RTTNews | Pred 69 dňami
Home Depot Receives U.S. Antitrust Approval For SRS Acquisition

Home Depot Receives U.S. Antitrust Approval For SRS Acquisition

Home improvement retailer The Home Depot (HD) announced Friday the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, in connection with its pending acquisition of SRS Distribution Inc. The expiration of the waiting period occurred at 11:59 p.m. on June 13, 2024.
RTTNews | Pred 124 dňami
Home Depot Narrows FY23 Outlook Range - Update

Home Depot Narrows FY23 Outlook Range - Update

While reporting financial results for the third quarter on Tuesday, home improvement retailer Home Depot Inc. (HD) narrowed it earnings per share as well as sales and comparable sales guidance range for the full-year 2023.
RTTNews | Pred 337 dňami
Gree Recalls 1.56 Mln Dehumidifiers Due To Fire And Burn Risks

Gree Recalls 1.56 Mln Dehumidifiers Due To Fire And Burn Risks

Gree Electric Appliances, Inc. is recalling 1.56 million dehumidifiers after reports of at least 23 fires, the U.S. Consumer Product Safety Commission announced. According to the agency, the dehumidifiers can overheat, smoke, and catch fire, posing fire and burn hazards to consumers. There were reports of at least 23 fires, 688 incidents of overheating, and $168,000 in property damage...
RTTNews | Pred 427 dňami