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Home Depot slips on earnings miss, guidance cut

Comparable sales and EPS figures both came in lower than expected on Tuesday morning.

11/18/25 7:31AM

Home Depot fell after it reported earnings that missed Wall Street expectations and slashed its full-year guidance.

The company reported Q3 adjusted earnings per share of $3.74, less than the $3.84 analysts polled by FactSet were penciling in. The company also said it now expects its full-year adjusted earnings to decline by 5% year over year, compared to its previous forecast of a 2% decline.

It reported $41.4 billion in sales, more than the $41.1 billion the Street was expecting. However, the home renovation giant said its comparable sales hit 0.2%, lower than the 1.3% analysts predicted.

Home Depot is down about 3.5% in premarket trading, as of 7:25 a.m. ET. With today’s early drop, the company, which is often cited as an economic bellwether, has fallen about 12% for the year.

While the company blamed a lack of natural disasters for its underwhelming showing in Q3, CEO Ted Decker also noted that lower interest rates have yet to spur a rebound in consumer demand.

$HD missed earnings and guided down. They attributed it primarily to the lack of hurricanes in Q3 but said consumer demand has yet to improve despite the decline in interest rates:

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— Conor Sen (@conorsen.bsky.social) November 18, 2025 at 6:13 AM

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CHICAGO, ILLINOIS - NOVEMBER 17: Mascot Staley Da Bear of the Chicago Bears runs onto the field prior to an NFL football game against the Green Bay Packers at Soldier Field on November 17, 2024 in Chicago, Illinois.

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Blackstone and Invitation Homes get hammered as Trump calls for ban on Wall Street buying single-family homes

Shares of Blackstone and Invitation Homes dove early Wednesday afternoon after President Trump called on Congress to pass a law banning large institutional investors from buying single-family homes.

Blackstone and Invitation Homes are some of the largest owners of private homes in the country. Homebuilders including PulteGroup, DR Horton, and Lennar also stumbled on the news.

Nationwide, institutional investors own a small share — less than 1%, according to the right-leaning American Enterprise Institute — of US single family homes, which has led some to argue that they have had a relatively small impact on housing prices. But their concentration in particular markets, such as Atlanta, Dallas, Houston, and Charlotte, has prompted others, like center-left think tank Third Way, to argue that their purchases can have an effect on specific markets, neighborhoods, or certain types of houses.

Donald J. Trump (@realDonaldTrump)

Blackstone and Invitation Homes are some of the largest owners of private homes in the country. Homebuilders including PulteGroup, DR Horton, and Lennar also stumbled on the news.

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Intel surges amid CES announcements, Mobileye news

Intel surged to a new 52-week high in early trading, though it gave back a large chunk of the early gains by the afternoon. There were few headlines that could clearly explain the run-up of gains, which peaked around 11%.

One potential driver of the move might be optimism surrounding the company’s unveiling of a new line of processors at the Consumer Electronics Show on Tuesday.

Another possible candidate was the reflected glow of a deal announcement from Mobileye, the autonomous driving company that Intel holds a significant stake in.

Mobileye initially rose after buying Mentee — an artificial intelligence robotics company — for $900 million in cash and stock in a deal that’s expected to close this quarter.

(Intel spun off Mobileye in 2022, but retained a controlling stake in the company.)

Finally, news that Qualcomm is perhaps looking to use contractors outside Taiwan for its next-generation chip — though it’s reportedly speaking to Korea’s Samsung for that, not Intel — may be raising hopes that chipmakers looking to diversify away from Taiwan could become customers for Intel’s troubled contract chipmaking division.

But again, there’s no clear reason to point to for its outperformance on Wednesday.

Mobileye Acquires Startup Mentee Robotics for $900 Million

Mobileye initially rose after buying Mentee — an artificial intelligence robotics company — for $900 million in cash and stock in a deal that’s expected to close this quarter.

(Intel spun off Mobileye in 2022, but retained a controlling stake in the company.)

But again, there’s no clear reason to point to for its outperformance on Wednesday.

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