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Home Depot is sliding after a long winter weighed on spring sales

Home Depot is sliding after a long winter weighed on spring sales

Home Depot is falling more than 4% in pre-market trading after reporting revenue and same-store sales that missed analysts' expectations. The company acknowledged that first-quarter results marked a "slow start" to the spring selling season. A longer winter stunted sales of spring products like patio furniture and lawn mowers according to a Reuters report. The American home-improvement store reported revenue of $24.9 billion, missing the $25.17 billion that analysts surveyed by Bloomberg expected. Same-store sales came in at 4.2%, short of the 5.38% forecast by Thomson Reuters. However, the company reported earnings of $2.08 per share which beat analysts $2.05 per share prediction. Customer traffic