Lowe's Cos. (LOW) Reports In-Line Q4 EPS, Sales Beat
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Lowe's higher sales overshadowed by Home Depot hangover
February 24, 2016 6:23 AM ESTBy Yashaswini Swamynathan
(Reuters) - Home improvement chain Lowe's Cos Inc (NYSE: LOW) reported an increase in quarterly comparable sales that paled in comparison to those of rival Home Depot Inc (NYSE: HD), despite beating Wall Street expectations.
Shares of Lowe's fell as much as 4.5 percent on Wednesday. Home Depot was off about 1 percent amid declines in the broader market.
Home Depot and Lowe's are benefiting from pent-up demand for houses in the United States after the 2008 financial crisis, while low interest rates and growth in jobs,... More
