Wednesday, May 16, 2007

HD profit tumbles

Home Depot 1Q profit drops 29.5 percent (AP)

Franz Pleth, a driver with Warner Brothers Studios, loads tubing for the 'Get Smart' set at the Home Depot store in Burbank, Calif. Monday, May 14, 2007. Home Depot posted a 29.5 percent drop in first-quarter profit Tuesday, May 15, 2007 and warned the rest of the year will be challenging. (AP Photo/Damian Dovarganes)AP - The Home Depot Inc. posted a 29.5 percent drop in first-quarter profit Tuesday and warned the rest of the year will be challenging. The company also said it still hasn't decided the fate of its wholesale distribution arm three months after announcing it might shed the unit.


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