Home Depot misses profit estimates after handing out virus-related bonuses | ||
Tuesday, 19 May 2020 ()
Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent heavily to compensate employees working at its stores during the COVID-19 pandemic. |
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Credit: Reuters Studio - Published
Home Depot profit drops on crisis costs 01:10Home Depot's quarterly profit fell and missed estimates Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic. Fred Katayama reports. |