Real estate may take longer to really fire on all cylinders, said Doug Yearley. Home Depot's CEO was more optimistic.» Read More
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.
May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported lower-than-expected quarterly profit and sales as growth in its kitchen, flooring and lumber and building material businesses was not as strong as the company expected. In contrast, bigger rival Home Depot Inc's quarterly same-store sales handily beat analysts' estimates on Tuesday...
Clearly the execution is not up to par, says Chris Horvers, JPMorgan Chase senior analyst, breaking down the numbers on Lowe's quarterly results.
May 20- Lowe's Cos Inc, the No.2 U.S. home improvement chain by sales, reported a 7.9 percent rise in quarterly profit as an improving job market encouraged Americans to spend on renovations. The company's net income rose to $673 million, or 70 cents per share, in the first quarter ended May 1 from $624 million, or 61 cents per share, a year earlier. Net sales rose 5.4...
Jim Lowell, chief investment officer at Adviser Investments, says Wall Street shares were in a "holding pattern" ahead of the release of minutes from the Fed's previous policy meeting.
May 19- Home Depot Inc, the world's largest home improvement chain by sales, reported better-than-expected quarterly profit and sales as customers in North America spent more on home repairs after a harsh winter. Several northeastern parts of the United States experienced heavy snowfall this winter, with cities including New York, Chicago and Boston hit with...
May 19- Home Depot Inc, the world's largest home improvement chain by sales, reported a 14.5 percent rise in quarterly profit as customers in North America spent more on home repairs after a harsher-than-usual winter. The company's net income rose to $1.58 billion, or $1.21 per share, from $1.38 billion, or $1.00 per share, a year earlier. Net sales rose to $20.89...
Effective immediately, home improvement retailer Lumber Liquidators will not longer sell laminate flooring made in China, reports CNBC's Scott Cohn.
Embattled Lumber Liquidators says the Justice Department has informed the company it is seeking criminal charges over its foreign sourcing.
How home improvement websites are pushing customers to retailers and professionals, with CNBC's Diana Olick.
Lumber Liquidators has sent thousands of customers free "idiot-proof" formaldehyde test kits to customers, NBC News reports.
Home improvement and housing are finally positioned to take off this year, Jeffrey Lorberbaum tells CNBC.
Lowe's posted quarterly earnings and revenue that topped Wall Street expectations Wednesday, sending shares higher in premarket trading.
Kermit Baker, AIA chief economist, and Scott McGillivray, HGTV's "Income Property," discuss the rise in remodeling among home owners and an outlook on the spring selling season.
Home Depot reported a jump in quarterly profit, but warned the strong dollar would weigh on full-year results.
Matt Ehrlichman, Porch chairman & CEO, explains how his company helps homeowners tackle some of their biggest problems... finding the best professional contractors.
Membership fees have helped Costco beat its profit estimates for the first quarter, but will cheaper fuel benefit the retailer's sales? Brian Nagel, retail analyst at Oppenheimer & Co thinks it's a possibility.
Richard Hunter, head of U.K. equities at Hargreaves Lansdown says that Kingfisher's Q3 earnings were rather "uninspiring".
Lowe's delivered quarterly earnings and revenue that topped analysts' expectations.