Tuesday morning, but missed on sales. The home improvement retailer also cut its full-year outlook, citing weakening spending on do-it-yourself projects and a"pressured macroeconomic environment." It said it expects comparable sales to fall by 3.5% to 4%, worse than its prior forecast for a decline of 2% to 3%. The company also said it now expects total sales of $82.7 billion to $83.2 billion for the full year, compared with the $84 billion to $85 billion range it previously expected.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyacross the globe in the company's software and service department. That includes about 600 jobs at the automaker's tech campus near Detroit. The layoffs — which represent about 1.3% of the 76,000 global salaried workforce at the end of last year — came after a review to streamline the unit's operations, CNBC's Michael Wayland reported Monday.
— CNBC's Alex Harring, Hakyung Kim, Melissa Repko, Michael Wayland, Rohan Goswami, Dan Mangan, Kevin Breuninger, Christina Wilkie, Rebecca Picciotto and Josephine Rozzelle contributed to this report.
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