Lowe's Profit Up 15 Pct., Tops Estimates
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Lowe's Cos. , 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 U.S. markets.
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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. Wall Street sent shares of the nation's second-largest home improvement chain higher. In fact, some analysts made bets Friday that Lowe's might have borne the worst of a slowdown from the slumping housing sector.
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Profit at Tyco&#39;s electronics unit rose more than fourfold in the quarter as revenue climbed 15 percent on higher sales volume in automotive, communications, computer and consumer electronics.
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Lowe's reported a 17.9 percent increase in net income during its second quarter, but results missed Wall Street expectations.
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Target, the No. 2 discount chain behind Wal-Mart Stores, said profit rose to $651 million, or 75 cents a share, from $554 million, or 63 cents a share, a year earlier.
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Home Depot Inc. HD.N on Tuesday  reported a 19 percent rise in second-quarter profit, topping  estimates, as store renovations and efforts to improve service  drove higher average sales in every category.
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Kroger Co.  said on Tuesday that quarterly profit rose 15.8 percent and raised its 2006 earnings view, sending its shares to their highest level in five years, as the grocery chain benefited from lower prices and a better selection of products such as fresh produce.
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Strong summer traffic on its trans-Atlantic flights helped boost Continental Airlinesâ profit by 15 percent in the second quarter.
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Home improvement retailing leader Home  Depot Inc. HD.N on Tuesday reported a 15 percent rise in  third-quarter profit, topping estimates, aided by sales in its  installed and professional businesses.
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Wal-Mart Stores Inc. WMT.N,  the  world's biggest retailer, on Tuesday raised its profit forecast  for the full year.
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SPRINGFIELD - Gun maker Smith &amp; Wesson Holding Corp. said yesterday its fiscal first-quarter profit rose 39 percent due to strong firearms sales, contributions from a recent acquisition and the hunting season.
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Home improvement retailer Lowe's Cos.  Inc. LOW.N on Monday reported a 15 percent rise in  third-quarter profit, aided by its expansion to New York and  other big U.S. markets, but its stock fell on a disappointing  outlook and concern about profit margins.
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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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Jewelry retailer Tiffany &amp; Co. on Thursday said fiscal first-quarter profit rose 15 percent, as international sales grew and U.S. customers made bigger purchases.
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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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The food company said that strong performance from its commodities trading group helped it overcome the cost of a pot pie recall and post a 15 percent jump in 2nd-quarter earnings.
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Wal-Mart Stores Inc.  posted higher-than-expected quarterly profit on Tuesday after the world's biggest retailer cut prices on hot items like toys and electronics to lure customers during the holiday shopping season.