Morgan Stanley Remains Bullish on Lowe's Cos. (LOW) Following 2Q
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Lowe's Cos. (LOW): EPS Misses On Soft Sales - Jefferies
August 18, 2016 7:39 AM EDTJefferies analyst, Daniel Binder, reiterated his Hold rating on shares of Lowe's (NYSE: LOW) after sales were softer than expected with a 2% comp sales gain. Management highlighted weather issues resulting in a truncated spring season. This translated to a wider comp gap with Home... More
Pre-Open Stock Movers 8/17: (SKYS) (SCYX) (NVIV) Higher; (STEM) ((JASO) (CREE) Lower
August 17, 2016 9:27 AM EDTSky Solar Holdings, Ltd. (Nasdaq: SKYS) 34.9% HIGHER; announced that the Company entered into a Letter of Intent with Solar Partnership Capital Ltd (Solar Partnership or SPC), a non-affiliate of the Company in certain Japanese projects, pursuant to which Solar Partnership confirmed its intention to acquire interests it currently does not own in 152 MW of solar projects from Sky Solar Japan K.K. (SSJ) and to take on certain specified liabilities associated with respect to those projects (the Transaction Assets) for a total purchase price of JPY17 billion (approximately $US165 million), subject to certain... More
Lowe's sales miss estimates as short spring hurts
August 17, 2016 6:35 AM EDTBy Sruthi Ramakrishnan
(Reuters) - Home improvement chain Lowe's Cos Inc (NYSE: LOW) reported a lower-than-expected quarterly profit and cut its full-year earnings forecast, hurt by a shorter spring in the northern United States and fewer big-ticket purchases at its stores.
Lowe's shares were down 6.8 percent in late morning trading on Wednesday.
While Home Depot's sales got a big boost from big-ticket items such as appliances and roofing products, Lowe's reported average... More
Lowe's Cos. (LOW) Misses Q2 EPS by 4c; Comps Light of Views
August 17, 2016 6:02 AM EDTLowe's Cos. (NYSE: LOW) reported Q2 EPS of $1.37, $0.04 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $18.26 billion versus the consensus estimate of $18.3 billion.
Comps rose 2 percent, versus growth of 4.1 percent expected.
GUIDANCE:
Lowe's... More
Lowe's (LOW) August 82 straddle priced for 2.8% movement
August 16, 2016 3:45 PM EDTLowe's Cos. (NYSE: LOW) August 82 straddle priced for 2.8% movement
... MoreTrading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report
August 16, 2016 2:28 PM EDTThe Trading Radar highlights key earnings and economic announcements for the next trading session:
Before Markets Open:
Economics:
7:00am EDT
Earnings:
American Eagle Outfitters (NYSE: AEO) - consensus EPS $0.21
Analog Devices (Nasdaq:... More
Home Depot lifts profit forecast as housing market strengthens
August 16, 2016 6:07 AM EDTBy Sruthi Ramakrishnan
(Reuters) - Home Depot Inc (NYSE: HD) reported a 9.3 percent rise in quarterly profit and boosted its full-year earnings forecast as it kept a tight lid on costs, while benefiting from a strong U.S. housing market.
Shares of the world's largest home improvement retailer were up 1 percent at $138.42 in early trading on Tuesday.
Home Depot and smaller rival Lowe's Cos Inc (NYSE: LOW) have benefited as consumers cut back spending on items such as apparel and accessories and instead... More