The retailer said it expects to earn between 79 and 84 cents per share in the current quarter, below analysts' estimates
The company crushed earnings forecasts and called the Trump administration's tariffs on lumber and appliances "manageable."
"The coming months will continue to enjoy tailwinds from fiscal policy while monetary policy remains supportive of growth," says an S&P economist.
The median sales price hit a new high in June, however, as the U.S. market for entry-level homes remained very competitive.
But looming Trump administration tariffs still weigh on the minds of supply chain executives.
Declines in demand for transportation equipment and machinery weighed down April's U.S. factory orders, say experts.
A weaker inventory buildup than first estimated could bode well for second-quarter gross domestic product numbers.
Only 1% of organizations achieve 90% forecasting accuracy 30 days out. Here's why.
The industry overcomes challenges with a spirit of resilience and "quantum leaps" in technological progress.