likely to fluctuate alongside the housing market. Masco also carries some customer concentration risk since Home Depot and Lowe ' s together constitute 27% of revenue. A loss of business from either do-it-yourself retailer could significantly affect
(Reuters) - Lowe ' s Cos Inc , the No. 2 U.S. home improvement products retailer, echoed larger rival Home Depot Inc in anticipating higher spending on renovations in the second half of the year as the U.S. housing market showed signs of a recovery.
* Expects spending on home-improvement to grow in second half (Adds details from conference call, CEO interview; updates shares)
* Lowe ' s pares losses, Target rebounds, after dim forecasts
speech from Jackson Hole. Shares of Apple are slightly higher premarket after setting a new closing high yesterday, while Lowe ’ s -3% after lowering its guidance for full-year sales growth, and Target -2% after Q2 earnings missed estimates and a reduced
* Lowe ' s , Target fall in premarket after results, forecasts
raised second-quarter results yesterday, Lowe ’ s beat and lowered guidance appeared disappointing ..... and $49 fair value estimate, and think Lowe ’ s is still a market leader that we admire ..... we think this is a long-term tailwind Lowe ’ s can capitalize on (pro represents about
Lowe ' s (NYSE: LOW ) reports comparable-store sales increased 4.4% in Q2 . Gross margin rate +20 bps to 34.55%. SG&A expense
Aug 20 (Reuters) - Home improvement chain Lowe ' s Cos Inc reported a 5.6 percent rise in quarterly sales as more people undertook home renovation projects after a prolonged winter.
Lowe ' s (NYSE: LOW ): Q2 EPS of $1.04 beats by $0.02 . Revenue of $16.6B (+5.7% Y/Y) beats by $50M . Press Release Post your comment!