Home Depot announced its third quarter results for its stock.

Home Depot (HD) shares fell on Tuesday following mixed third-quarter results. The company's adjusted earnings failed to meet expectations (at $3.74 per share, below the $3.84 estimate) while exceeding revenue expectations (at $41.4 billion, above the $41 billion estimate), creating uncertainty among investors.

Additionally, Home Depot revised its annual profit forecast downward due to a weak U.S. housing market and slowdowns in home improvement projects. Telsey Advisory Group senior managing director Joe Feldman stated that Home Depot's forecast for the second half is likely overly optimistic.