Lowe's Cos. (LOW) Misses Q2 EPS by 4c; Comps Rose 4.3%
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UBS Maintains Buy on Lowe's Cos. (LOW) Following 2Q15 Earnings Report
August 20, 2015 9:52 AM EDTUBS maintained a Buy rating and $82.00 price target on Lowe's (NYSE: LOW) following the company's 2Q15 earnings report. LOW reported $1.20, missing consensus by 4c. Revenue was reported in-line with consensus at $17.3B. LOW reiterated its FY guidance despite its lower than expected EPS.
Analyst Michael Lasser... More
Lowe's sales beat on demand for appliances, outdoor equipment
August 19, 2015 6:16 AM EDTBy Sruthi Ramakrishnan
(Reuters) - Lowe's Cos Inc (NYSE: LOW), the No.2 U.S. home improvement chain, reported stronger-than-expected growth in quarterly same-store sales as customers bought more expensive items in categories such as appliances and outdoor power equipment.
The company's same-store sales rose 4.3 percent in the second quarter, beating the average analyst estimate of 3.9 percent, according to research firm Consensus Metrix.
Larger rival Home Depot Inc (NYSE: HD) also reported a stronger-than-expected rise in... More
