By ASHLEY M. HEHER, AP Business Writer 18 minutes ago CHICAGO - The Home Depot Inc. said Tuesday that its second-quarter profit sank 24 percent and reiterated its downbeat outlook for the year amid a weak housing market that shows no signs of recovery.For the three-months ending Aug. 3, the nation's largest home improvement chain said its net income fell to $1.2 billion, or 71 cents per share. That's down from $1.59 billion, or 81 cents per share, during the same period last year.
Meanwhile, revenue slid 5.4 percent to $21 billion, down from $22.2 billion last year. And same-store sales, an important retail industry metric of sales at stores opened at least a year, fell 7.9 percent.
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