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Home Depot pared its full-year profit outlook and missed Wall Street’s earnings target for a third straight quarter, citing softer home improvement demand, cautious consumers and a quieter storm season. It now sees sales up about 3% and comparable sales slightly positive, with guidance boosted by about $2 billion from its GMS acquisition, but expects adjusted EPS to fall roughly 5% year over year. Third-quarter adjusted EPS was $3.74 on $41.35 billion in revenue; shares slipped about 2% premarket. Average ticket rose as transactions fell, while online sales climbed 11% amid a continued “waiting game” in housing.

Prepared by Christopher Adams and reviewed by editorial team.