Home Depot Extends Winning Streak, Yet Wall Street Shrugs
- Chain has now topped projections for 13 straight quarters
- Sky-high expectations make it harder to please investors
David Schick, analyst at Consumer Edge Research, examines second-quarter results from Home Depot. He speaks with Bloomberg's Vonnie Quinn on 'Bloomberg Markets.' Schick, his family, and firm, do not own shares of Home Depot. (Source: Bloomberg)
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Home Depot Inc. topped Wall Street’s profit estimates for a 13th straight quarter -- an enviable feat for many retailers -- but it elicited a ho-hum from investors.
After years of thriving during a broader retail slump, the home-improvement chain is having a hard time pleasing shareholders with its results. Even after sales grew faster than projected last quarter and the Atlanta-based company raised its forecast, the shares slipped less than 1 percent in Tuesday’s trading.