Pursuits
Home Depot Falls After Failing to Raise Forecasts
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Home Depot Inc. declined after failing to raise its forecasts for sales and profit this year amid signs the housing market is cooling.
Revenue in the fiscal year through January will increase 4.8 percent, Atlanta-based Home Depot reiterated today in a statement. The projection translates to revenue of about $82.59 billion. The average of analysts’ estimates compiled by Bloomberg was $82.64 billion.