Lowe’s earned more than expected in the third quarter but the stock was tumbling after the home-improvement retailer reported disappointing sales and noted that consumers were reining in spending.
Source link
-
Order Reprints
-
Print Article
Tag: Lowe's Cos.
-
Nvidia, Lowe’s, Dollar Tree, and More to Watch
The majority of second-quarter earnings season is over, with a handful of major technology and retail names left to report this week. Economists will be focused on any news from an annual gathering of monetary policy thinkers and practitioners in Jackson Hole, Wyoming.
-
Walmart, Home Depot, Meta, DocuSign, Medtronic, and More Stock Market Movers
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.
https://www.barrons.com/articles/stock-market-movers-5b0c54ae
-
Home Depot Earnings Top Estimates. Customers Are ‘Resilient,’ CFO Says.
Home Depot
third-quarter earnings results beat expectations, giving the stock a boost on Tuesday.The home-improvement retailer reported third-quarter earnings of $4.24 a share, topping analysts’ projections of $4.12 a share. Revenue came in at $38.9 billion, up 5.6% from a year earlier and topping estimates for $38 billion. Same-store sales rose 4.3%, ahead of estimates for 3.1%. U.S. same-store sales rose 4.5%.
-
Home Depot Sales Up 5.6% in Third Quarter
[ad_2]Home-improvement retailer logs sales increase even as it again records fewer transactions
Source link
