ATLANTA — Home Depot is cutting its sales expectations for the year because of falling lumber prices and the potential damage from tariffs.
The company now expects sales to rise 2.3%, down from earlier forecasts of 3.3%.
The home-improvement retailer on Tuesday reported a second-quarter profit of $3.48 billion, or $3.17. That's a dime better than Wall Street had expected, according to a survey by Zacks Investment Research.
Revenue was $30.84 billion, just short of expectations.
The Home Depot Inc. expects full-year earnings to be $10.03 per share.