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Dreary Housing Market Nails Home Depot

Third-quarter net income plunges 27%

By Jim O'Neill, Newser User

Posted Nov 13, 2007 7:31 AM CST

(Newser) – A weak housing market hammered Home Depot’s third quarter, sending revenues down 4% and cutting net income 27%, reports the Wall Street Journal. The Atlanta-based retailer today said net income fell to $1.09 billion compared to $1.49 billion a year ago. “... Read full story »

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Dreary Housing Market Nails Home Depot

Third-quarter net income plunges 27%

housing market • corporate earnings • Home Depot • third quarter earnings

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More Newser Stories

Dour Housing Market Slams Home Depot Q4 Results

Profits drop 27%, and the company says 2008 isn't looking very bright

Goldman Posts $428M Loss

It's the second time it's ever lost money as a public company

Apple Profit Shoots Up 125%

...and that's without any new product launches

Bank of America Loses $2.2B as Loans Sour

Investment revenues up, but consumers default on nearly $10B

Dow Up 21 After Rally Loses Steam

Dow hits new 2009 high but falls back amid light volume

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