EARNINGS REPORTING - surprises, misses & more Message Board

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Non-Tech : EARNINGS REPORTING - surprises, misses & more

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To: ~digs who wrote (457)	1/19/2001 8:24:00 AM
From: ~digs	Read Replies (1) of 762

Friday January 19 8:07 AM ET Home Depot Warns on Quarter Earnings ATLANTA (Reuters) - No. 1 home improvements retailer Home Depot on Friday said it expects fourth-quarter earnings to be worse than Wall Street estimates due to a slowing economy and falling prices for building materials, and sees the weakness persisting for the first half of 2001. The fourth-quarter shortfall will be 20 percent below the year-ago period and far greater than Wall Street had expected. ''We expect that many of the same economic factors affecting sales in the current quarter will persist in the first half of fiscal 2001,'' Home Depot (NYSE:HD - news) said. In pre-open trade, the company's shares fell to $41-1/2 from a close of $44-1/4. dailynews.yahoo.com

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