May 24- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported quarterly profit and comparable sales that missed analysts' estimates, in contrast to the strong results reported by larger rival Home Depot Inc last week. Lowe's shares were down 4 percent at $79 in premarket trading on Wednesday. Lowe's is trying to catch up with Home Depot's lead on...
May 24- U.S. stock index futures were little changed on Wednesday ahead of the Federal Reserve releasing the minutes of its May meeting that will help investors gauge the chances of a rate hike next month. *Shares of Lowe's fell 4.4 percent to $78.75 in premarket trading after the No. 2 U.S. home improvement chain reported a lower-than-expected profit and...
May 24- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported lower-than-expected quarterly profit and comparable sales, sending its shares down 7 percent in premarket trading on Wednesday. Net income fell to $602 million, or 70 cents per share, in the first quarter ended May 5, from $884 million, or 98 cents per share, a year earlier. Lowe's recorded a $464...
Brian Nagel, Oppenheimer senior analyst, breaks down Lowe's quarterly results which reported an EPS miss of $1.03 on revenues of $16.860 billion versus $16.959 billion Est. Relative to other retailers, Lowe's is a really well-run company, says Nagel.
May 24- Lowe's Cos Inc, the No. 2 U.S. home improvement retailer, reported lower-than-expected quarterly comparable sales, sending shares down almost 6 percent in premarket trading on Wednesday. Net income fell to $602 million, or 70 cents per share, in the first quarter ended May 5, from $884 million, or 98 cents per share, a year earlier. Lowe's recorded a $464 million...
Home Depot reported first-quarter earnings before the bell on Tuesday that topped Street expectations.
*Shares hit record high at $160.83. The company's shares rose about 2 percent to hit a record high of $160.83 in morning trading on Tuesday, after the No. 1 U.S. home improvement chain also said second-quarter sales were off to a good start. Home Depot and smaller rival Lowe's Cos Inc have remained a bright spot in the retail sector as a firming economy and higher wages...
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