Lowe's (LOW) And Home Depot (HD) Sell-Off In The Pre-Market
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Price: $228.86 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.9%
EPS Growth %: -20.2%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 1.9%
EPS Growth %: -20.2%
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In the pre-market, Lowe's (NYSE: LOW) and Home Depot (NYSE: HD) are trading down 10% and 6% respectively, after Lowe's reported disappointing results this morning.
Lowe's reported Q2 earnings of $0.51, 3 cetns below the consensus of $0.54. Also, Lowe's guided lower it now sees FY10 EPS of $1.13-$1.21, versus the consensus of $1.23. Additionally, LOW sees Q3 sales down 2%-5%.
As consumers worry about the future, home furnishing retailers are taking a hit as nervous homeowners put off home improvement projects that they normally would have completed over the summer months.
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Lowe's reported Q2 earnings of $0.51, 3 cetns below the consensus of $0.54. Also, Lowe's guided lower it now sees FY10 EPS of $1.13-$1.21, versus the consensus of $1.23. Additionally, LOW sees Q3 sales down 2%-5%.
As consumers worry about the future, home furnishing retailers are taking a hit as nervous homeowners put off home improvement projects that they normally would have completed over the summer months.
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