Jim Cramer explains why Target didn't exceed earnings expectations.» Read More
Nov 18- Lowe's Cos Inc, the No.2 U.S. home improvement chain, reported a 5 percent rise in quarterly sales, helped by a strong recovery in the U.S. housing market. The company's net income rose to $736 million, or 80 cents per share, in the third quarter ended Oct. 30, from $585 million, or 59 cents per share, a year earlier. Net sales rose to $14.36 billion from $13.68 billion a...
The "Halftime Report" traders deliver their retail stock picks for the second half.
Home Depot delivered quarterly earnings that topped analysts' expectations, helped by strong demand from professional contractors and builders.
Nov 17- Home Depot Inc, the world's No. 1 home improvement retailer by revenue, reported better-than-expected quarterly same-store sales, helped by strong demand from both retail customers and professional contractors and builders. Smaller rival Lowe's Cos Inc, which will report on Wednesday, is also expected to have benefited from strong spending on housing.
Brian Nagel, Oppenheimer & Company, breaks down Home Depot's quarterly results, which beat Street estimates of $1.36 Adj. versus $1.32 Est.
Nov 17- Home Depot Inc, the world's No.1 home improvement retailer by revenue, reported a 6.4 percent rise in quarterly net sales, helped by strong demand from professional contractors and builders. The company's net income rose to $1.73 billion, or $1.35 per share, in the third quarter ended Nov. 1, from $1.54 billion, or $1.15 per share, a year earlier.
Ikea is in talks to take over part of BHS' Oxford Street store as it looks to open its first outlet on one of London's prime locations, the FT reports.
LONDON, Oct 22- Travis Perkins, the owner of DIY stores Wickes and heating supplies group BSS, said its full-year earnings would be at the lower end of market expectations after weak demand in the repair, maintenance and improvement market during the summer. The British group, which posted like-for-like sales growth of 2.6 percent in its third quarter, said its...
Real estate may take longer to really fire on all cylinders, said Doug Yearley. Home Depot's CEO was more optimistic.
Home Depot CEO Craig Menear, discusses better than expected performance than originally estimated at the company, and the impact from cheaper gas.
Home Depot CEO Craig Menear, and Toll Brothers CEO Doug Yearley, discuss the types of homes you'll see in the future.
Shares of one sector have tumbled, but fundamentals in the segment make the stocks appealing on weakness, a strategist said.
*Profit $1.20/ share vs est. Aug 19- Lowe's Cos Inc reported a lower-than-expected quarterly profit, hurt by higher costs and taxes, and the No.2 U.S. home improvement chain posted its slowest growth in same-store sales in five quarters. Demand was low also for exterior improvement items due to heavy rain in parts of the United States, analysts said.
Lowe's saw sales growth in large appliances as the housing industry regains strength.
Lowe's delivered quarterly earnings that fell short of analysts' expectations on Wednesday.
Aug 19- Lowe's Cos Inc, the No.2 U.S. home improvement chain, reported better-than-expected quarterly same-store sales, helped by higher demand for items such as appliances and outdoor power equipment. Larger rival Home Depot Inc also reported a stronger-than-expected rise in quarterly same-store sales on Tuesday, helped by increased home remodeling...
Aug 19- Lowe's Cos Inc, the No.2 U.S. home improvement chain, reported a 4.5 percent rise in quarterly sales as demand rose for products such as appliances and outdoor power equipment. The company's net income rose to $1.13 billion, or $1.20 per share, in the second quarter ended July 31 from $1.04 billion, or $1.04 per share, a year earlier. Net sales rose to $17.35...
CNBC Pro used technical and fundamental analysis to find the stocks that are primed to rally the most in the continuation of the housing recovery.
Improvements in the U.S. housing market is supporting growth at Home Depot, while Wal-Mart is bogged down by new investments, says Joseph Feldman, senior managing director at Telsey Advisory Group.
Daniel Binder, senior equity research analyst & MD at Jefferies & Co, discusses Wal-Mart's profit miss and explains whether the retailer's foray into e-commerce could be its turning point.