Aug 20- 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. Net income rose to $1.04 billion, or $1.04 per share, in the second quarter ended Aug. 1, from $941 million, or 88 cents per share, a year earlier. Revenue rose to $16.59 billion from $15.71 billion.» Read More
CNBC's Diana Olick takes a look at what home buyers purchase at home improvement stores as well as the types of features they're expecting in a home.
Brian Nagel, Oppenheimer analyst, breaks down the fourth quarter results on the home improvement retailer of $0.26 vs. $0.23 ESP on revenues of $11 billion.
Next week is the biggest one of the earnings season for the retailers. While each will have different nuances, and wrap up the key holiday quarter, Wall Street will be focused on the sales forecast for the current quarter.
Retail sales barely rose in January as tax increases and higher gasoline prices restrained spending. Separately, import and export prices rose slightly less than expected in the month.
Following a 66-percent rise in Home Depot shares and a 45-percent run in Lowe’s stock during the past year, one analyst said the rivals’ stocks are now trading at very similar valuations.
Budd Bugatch, Raymond James & Associates, breaks down the retailer's higher-than-expected quarterly profits and takes a look ahead at its growth prospects.
The "Squawk on the Street" news crew reports on today's market-moving stories, including a look at Home Depot's earnings beat; JC Penney's turnaround plan; and a leadership change at Microsoft.
The home improvement retailer reported Q3 EPS of $0.74 vs. $0.70 est. on revenues $18.1 billion. Brian Nagel, Oppenheimer & Co. analyst explains how the company is benefiting from an improving housing market.
Lowe’s has been rising with the recovery in the housing market, and yesterday the home-improvement chain saw some bullish option activity.
Following a weak earnings report from Lowe’s, one analyst advised investors to refrain from viewing the release as a weakening in home improvement retail and instead look into rival Home Depot’s shares.
Although U.S. retail sales posted strong gains Tuesday on the heels of Home Depot's better-than-expected quarterly profit, one analyst forecast a tougher spending environment in the second half of the year.
David Strasser, Janney Capital Markets analyst, and Peter Keith, Piper Jaffray analyst, discuss the play on Home Depot's earnings.
Brian Nagel, Oppenheimer analyst, breaks down the numbers on the big box store, which reported earnings per share of $1.01 versus $0.97 estimates, on revenues of $20.6 billion.
Looking for the perfect location for your new retail business? Consider setting up shop inside a "big box" retail store.
Christopher Horvers, JPMorgan retail analyst, and Daniel Binder, Jefferies & Co research analyst, break down the Q1 earnings and outlook on the home retailer.
Home Depot reports Q1 comp store sales rose 6.1% in the U.S., while revenue came in light at $17.808 billion vs. $17.957 billion estimate. Laura Champine, Canaccord Genuity Securiites, breaks down the first quarter numbers on HD, and discusses the outlook on home improvement in the retail space.
Mad Money's Jim Cramer explains why Stanley Black & Decker shares got pounded after delivering disappointing headline numbers, but defends the stock by pointing out to investors that the company's fundamentals are much better than the big sell-off indicates.
Michelle Meyer, BofA Merrill Lynch senior U.S. economist, discusses the upward trend in home renovation; what it signals about the housing recovery; and how to trade it, with the Fast Money traders.
Man caves? Jacuzzis? Great rooms? Who needs them? Big, fancy and expensive are out; small, utilitarian and frugal are in. Oh, and so is the outdoors!
Jim Cramer’s researcher, Nicole Urken, shows examples of divergence among stocks in the same sector.