Tuesday, May 15, 2007

UPDATE 1-Home Depot posts lower-than-expected profit

(Reuters) - Based on the performance, Home Depot said it expected per-share earnings for this year to fall at the low end of a previously forecast range of 4 percent to 9 percent.

Earnings declined by about one-third to $1 billion, or 53 cents a share, in the first quarter ended on April 29, from $1.5 billion, or 70 cents a share, a year earlier.


Read more at Reuters.com Market News

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