Lowe&#39;s Forecast Hammers Stock
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Home improvement retailer Lowe&#39;s Cos. (LOW.N: Quote, Profile, Research) on Monday reported a 15 percent rise in third-quarter profit, aided by its expansion to New York
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NEW YORK -- A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe's helped send stocks sharply higher yesterday, with the swing exaggerated by thin late summer trading. The Dow Jones industrials surged nearly 130 points.
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Stock index futures rose on Thursday after Wal-Mart Stores Inc  and other retailers reported August sales that beat analysts' expectations, calming concern that consumers were being squeezed by a meltdown in the mortgage market.
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Lowe&#39;s Cos. (LOW.N: Quote, Profile, Research) , the No. 2 home improvement retailer, on Monday reported a 15 percent rise in third-quarter profit, topping estimates, on strong sales of
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U.S. stocks could start the week lower after Wal-Mart Stores Inc. , a key barometer of the U.S. retail sector, forecast a decline in monthly sales, signaling caution about the holiday shopping season.
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Lowe&#39;s Cos. (LOW.N: Quote, Profile, Research) , the No. 2 home improvement retailer, on Monday reported a 15 percent rise in third-quarter profit, topping estimates, aided by its expansion into large US markets.
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Stocks rose on Wednesday as Home Depot  Inc.&#39;s  plan for a $22.5 billion share buyback  underscored optimism about equity valuations, along with the  growing allure of large-cap stocks, including General Electric  Co. .
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Wal-Mart Stores Inc. investors  will be focused on the retailer's forecast for its new fiscal  year and indications as to when sales at its U.S. store base  may finally strengthen when the world's largest retailer  reports fourth-quarter results on Tuesday.
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Sobering expectations â foreshadowed on Sunday when management announced the lower prices â weighed on the companyâs already drooping stock.
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NEW YORK - A disappointing sales forecast from Wal-Mart Stores Inc. kept stocks mixed Monday as investors worried that oil prices, which stabilized after last week's highs, would harm third-quarter earnings...
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Home improvement retailer says earnings per share will grow in 2005, 2006 on rise in home ownership. ATLANTA  - Home improvement retailer Lowe&#39;s Cos.
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Profit at Lowe's Cos. fell 11.5 percent in the fourth quarter but beat analysts' expectations, and investors Friday rewarded the home improvement retailer.
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Retailer Lowe&#039;s Cos.  onMonday  topped estimates with a 44 percent rise in first-quarter  profit, its biggest gain in three years, as it picked up market  share in appliances and outdoor power equipment.
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Home improvement retailer Lowe's Cos.  reported better-than expected earnings on Friday even as the weak housing market hurt results, and its shares rose as much as 6 percent to an all-time high as it said sales could trend upward this year.
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Lowe's Cos. , the second-largest  home improvement retailer behind Home Depot Inc. , on  Monday said quarterly profit rose, but trailed estimates.
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Home improvement retailer Lowe's Cos.  reported better-than expected earnings on Friday even as the weak U.S. housing market hurt results, and its shares rose as much as 6 percent to an all-time high as it said sales could trend upward this year.
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Profit at the Loweâs Companies fell 11.5 percent in the fourth quarter, but beat analystsâ expectations.