Morgan Stanley Remains Bullish on Lowe's Cos. (LOW) Following 2Q

Lowe's Cos. (LOW): EPS Misses On Soft Sales - Jefferies

August 18, 2016 7:39 AM EDT

Jefferies 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 EDT

Sky 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 EDT

By 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 EDT

Lowe'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 EDT

Lowe's Cos. (NYSE: LOW) August 82 straddle priced for 2.8% movement

... More

Trading Radar for 8/17: Cisco (CSCO), Lowe's (LOW), JA Solar (JASO), Analog Devices (ADI), NetApp (NTAP) Report

August 16, 2016 2:28 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

MBA Mortgage Index - no Street consensus

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 EDT

By 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