Home Depot (HD) presented mixed results in its second quarter earnings, reporting revenue of $43.18 billion ($43.79 billion expected) and adjusted earnings of $4.67 per share ($4.52 per share expected). The home renovation retailer's stock is dipping in pre-market trading, turning flat after the opening bell.

Seana Smith and Brad Smith review the DIY chain's decision to slash its full-year sales forecast, citing consumer spending pullbacks and its wider-than-expected declines in same-store sales.

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This post was written by Luke Carberry Mogan.