Home Depot's sales have gotten hit by economic factors, as higher interest rates slow housing turnover and more than two years of high inflation makes homeowners less willing to spring for discretionary purchases and do-it-yourself projects. The company had cut its full-year forecast for comparable sales in August, citing consumer uncertainty.

Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street's expectations. The home improvement retailer also boosted its full-year revenue outlook.

Home Depot reported decent revenue growth for Q3 thanks, in part, to hurricane activity, but it experienced a decline in net earnings.

Home Depot said earnings for the three months ending in October were pegged at $3.78 per share, down 1.8% from the same period last year but 13 cents ahead of the Wall Street cons

Home Depot (NYSE:HD) is set to post third quarter results on Tuesday, before markets open. Wall Street expects the Atlanta-based company to post EPS of $3.65 on revenue of $39.22 billion during the quarter,