Home Depot shares plummet after reporting lower earnings and reducing full-year outlook. Despite tough quarter, long-term investors believe in the company’s potential. Revenue in Q3 rose 4.8% to $41.35 billion, but earnings per share fell short at $3.74. Management cites macroeconomic challenges. Positive comps in various categories signal pricing power. Full-year guidance revised due to ongoing pressure and lack of storm activity. Digital platform sales up 11%. Gross margin expected to drop to 33.2%. Adjusted operating margin to fall to 13%. Analysts lower price target to $420.

Read more at CNBC: Despite tough quarter, Home Depot is the best stock play on lower rates