Shares of one sector have tumbled, but fundamentals in the segment make the stocks appealing on weakness, a strategist said.» Read More
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.
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Net sales $24.83 bln vs est. By Nandita Bose and Sruthi Ramakrishnan. Aug 18- An improving U.S. housing market helped Home Depot Inc beat quarterly sales forecasts on Tuesday, and the world's No. 1 home-improvement retailer lifted its full-year earnings and revenue forecasts.
A strong Q2 for Home Depot as the housing recovery continues.
Home Depot reported a better-than-expected rise in quarterly same-store sales, helped by a recovery in the U.S. housing market.
Aug 18- Home Depot Inc, the world's No. 1 home improvement retailer, reported a better-than-expected rise in quarterly same-store sales, helped by a recovery in the U.S. housing market. Demand for home improvement products was strong in the quarter due to growth in existing home sales, Wedbush Securities analyst Seth Basham wrote in a note ahead of the results.
NEW YORK— Homes are getting a lot of TLC from their owners of late, which means better sales for businesses like Home Depot. The world's largest home improvement retailer reported second-quarter results on Tuesday that surpassed Wall Street expectations, thanks largely to consumers opening their wallets. "When consumers believe their home is an investment...
Aug 18- Home Depot Inc, the world's No.1 home improvement chain by revenue, reported a 4.3 percent rise in quarterly net sales, helped by a recovery in the U.S. housing market. The company's net income rose to $2.23 billion, or $1.73 per share, in the second quarter ended Aug. 2 from $2.05 billion, or $1.52 per share, a year earlier. Net sales rose to $24.83 billion from...
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May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported lower-than-expected quarterly earnings on Wednesday as a long, harsh winter hurt sales growth, sending its shares down more than 5 percent. Lowe's performance during the first quarter is in sharp contrast to bigger rival Home Depot Inc whose earnings handily beat analyst estimates on...
Lowe's stock went on a skid after the home improvement retailer reported earnings and revenue that fell short of expectations.