Home Depot lowers outlook following third-quarter results below expectations.

In the early trading session on Tuesday, U.S. stocks, Home Depot's stock price fell by 3.8%. Prior to this, the company announced that its earnings per share for the third consecutive quarter were below expectations, due to weak home improvement demand and reduced demand related to storms. The company currently predicts that its full-year adjusted earnings per share will decline by about 5% year-on-year, with slightly growth in same-store sales. Home Depot's competitor Lowe's also fell by 1.4% before the financial report was released.