Android app on Google Play

Home Depot (HD), Lowe's (LOW) Firm Amid Existing-Home Sales Growth Miss

August 22, 2012 9:41 AM EDT Send to a Friend
Shares of The Home Depot (NYSE: HD) and Lowe's Cos. (NYSE: LOW) are higher early amid existing home sales numbers showing gains in July, but not what markets were expecting.

According to the National Association of Realtors (NAR), existing-home sales were 4.47 million in the month, a gain of 2.3 percent from 4.37 million in June. The Street was looking for a 3.2 percent gain to 4.51 million.

June's sales fell 5.4 percent.

Numbers offset some positive momentum from Toll Brothers (NYSE: TOL), which reported third-quarter results earlier, while issuing fourth-quarter expectations in the process. Despite the lagging sales number, shares of Toll Brothers are up 5.5 percent.




You May Also Be Interested In


Related Categories

Economic Data, Insiders' Blog

Related Entities

Existing-Home Sales, Earnings

Add Your Comment