On Tuesday, home improvement retail giant Home Depot, Inc. (NYSE:HD) lowered its full-year profit forecast, attributing the change primarily to weaker demand, cautious consumers and a stalled housing market. 

HD stock is moving lower. See the real-time price action here. 

On the company's earnings call, Home Depot executives cited a lack of expected growth in the second half of the year, despite previously hoping for improved conditions. 

"While underlying demand in the business remained relatively stable, sequentially an expected increase in demand in the third quarter did not materialize," CEO Ted Decker stated. 

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