Nothing But Praise for Home Depot (HD) at UBS

Lowe's sales beat on demand for appliances, outdoor equipment

August 19, 2015 6:16 AM EDT

By 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

Home Depot sales beat amid U.S. housing recovery

August 18, 2015 6:11 AM EDT

By Nandita Bose and Sruthi Ramakrishnan

(Reuters) - An improving U.S. housing market helped Home Depot Inc (NYSE: HD) beat quarterly sales forecasts on Tuesday, and the world's No. 1 home-improvement retailer lifted its full-year earnings and revenue forecasts.

Shares of the Dow component rose 3.3 percent to a record $123.60 in morning trading. The stock has far outperformed the broader market this year with a 17-percent gain.

"The pace of growth was always bound to moderate as we came out of the exceptionally bad winter ... That the momentum has not... More

Home Depot (HD) Reports In-Line Q2 EPS; Comps Outpace Expectations; Boosts FY15 Outlook

August 18, 2015 6:01 AM EDT

(Updated - August 18, 2015 6:02 AM EDT)

Home Depot (NYSE: HD) reported Q2 EPS of $1.71, in-line with the analyst estimate of $1.71. Revenue for the quarter came in at $24.83 billion versus the consensus estimate of $24.71 billion.

Comps rose 4.2 percent, versus estimates calling for a 3.5 percent gain.

Updated Fiscal 2015 Guidance

The Company has provided a range of sales, comp sales and diluted earnings-per-share growth to reflect the difference between 2014 average exchange rates and current exchange rates. The low-end of the Company's... More