Home Depot’s third-quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers and a housing market that is in a deep funk.

The company lowered its fiscal 2025 adjusted earnings forecast but raised its expectations for sales growth.

For the three months ended Nov. 2, Home Depot earned $3.6 billion, or $3.62 per share. A year earlier it earned $3.65 billion, or $3.67 per share.

Removing one-time charges and benefits, earnings were $3.74 per share, a dime short of Wall Street expectations, according to a poll by FactSet.

It is the third consecutive quarter that Home Depot, an overperformer in recent years, has missed profit expectations.

Home Depot’s stock declined more than 3% before the opening bell Tuesday. Shares of rival Lowe’s, which will report i

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