Home Depot shocks Wall Street: Earnings soar, guidance upgraded, yet stock tanks!

Home Depot shocks Wall Street: Earnings soar, guidance upgraded, yet stock tanks!

Home Depot reported its third-quarter earnings with impressive numbers, beating Wall Street’s expectations and raising its full-year guidance. Despite these positive financial indicators, the stock’s surprising decline has left analysts and investors asking why a strong performance would lead to a downturn in Home Depot’s shares. The fall hints at deeper concerns among investors about […]

Home Depot wraps up acquisition of building products distributor HD Supply

Home Depot wraps up acquisition of building products distributor HD Supply

US home improvement retailer Home Depot has wrapped up its previously announced $8 billion acquisition of US building products distributor HD Supply. Headquartered in Atlanta, HD Supply is a national distributor of maintenance, repair, and operations (MRO) products. The MRO company is active in the multifamily and hospitality end markets. As per the deal signed […]