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Home Depot Lowers Earnings Forecast Amid Weak Home Improvement Demand

The U.S. retailer reduced its profit outlook after sales in the home improvement sector fell below expectations.

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Terms & Concepts
  • Earnings Forecast: A company's projection of its expected financial performance over a future period, often adjusted based on market conditions.
  • Home Improvement Sector: An industry segment focused on products and services for renovating and maintaining residences.