Despite the Q1 miss, Home Depot is still well positioned

Former CEO Bob Nardelli says Home Depot is still well positioned despite Q1 miss. Home Depot missed revenue estimates and same-store sales were down due to DIY projects. He attributes the consumer pullback on big-ticket discretionary items to "challenges we're facing in the economy"

Shares of Home Depot (HD) are on the move Tuesday after the company posted its first-quarter earnings report. The report noted lower foot traffic and smaller ticket sizes. Home Depot reported revenue of $36.42 billion, marking a 2.3% drop year-over-year. Yahoo Finance Senior Reporter Brooke DiPalma joins Wealth!!