Lowe&#39;s 3rd-Qtr Net Rises 15%; Shares Fall on Forecast
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Lowe&#39;s Cos., the world&#39;s No. 2 home- improvement chain, said third-quarter earnings rose 15 percent as hurricanes spurred demand for emergency supplies.
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Home Depot Inc. HD.N, the top home  improvement retailer, on Tuesday reported a 15 percent rise in  third-quarter profit, topping estimates, aided by installed  services and sales to contractors.
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Home improvement retailer Lowe&#39;s Cos. (LOW.N: Quote, Profile, Research) on Tuesday said it expects diluted earnings per share to rise in both 2005 and 2006 as it benefits from increased remodeling and home ownership.
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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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Lowe's Cos. LOW.N, the world's second  largest home improvement retailer, on Monday reported an 18  percent increase in second-quarter net income and said earnings  for the rest of the year would top analysts' estimates.
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General Electric is posting quarterly earnings in line with Wall Street expectations. The diversified manufacturer and financial services company says revenue rose 15 percent on higher
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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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Johnson &amp; Johnson (JNJ.N: Quote, Profile, Research) on Tuesday said its third-quarter profit rose almost 14 percent on higher sales of prescription drugs, but US sales of medical devices slipped on competition from a rival heart device
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Deere & Co.  said on Tuesday its quarterly earnings rose a better-than-expected 19 percent, but the stock fell nearly 3 percent after it forecast sharply lower profit and flat sales in the coming year.
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CHARLOTTE, N.C., Nov. 20  Â LoweÂs, the nationÂs second-largest home-improvement retailer, reported an increase in third-quarter profit of nearly 11 percent on Monday and warned that its fourth-quarter results would be weaker than expected.
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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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Lowe's Cos. LOW.N, the No. 2 home  improvement retailer, on Monday reported a 15 percent rise in  third-quarter profit, topping estimates, on strong sales of new  products and its expansion into large U.S. markets.
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Either there is a reliable crystal ball somewhere in Lowe&#39;s (NYSE: LOW) corporate boardroom, or management of the home improvement retailer feels quite confident about its prognostication skills.
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3M Co. MMM.N on Monday reported a 17  percent rise in third-quarter earnings due in part to the weak  dollar, but the diversified manufacturer's results fell short  of Wall Street's estimates for the first time in nearly four  years, sending shares down 5 percent.
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Retailer Limited Brands Inc. raised its third-quarter profit outlook on Monday after reporting last week a 14 percent increase in sales at stores open at least a year.
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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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An earnings warning from Lowe's Cos Inc  and a slashed September sales forecast from Target Corp  hammered retail stocks on Tuesday as skittish consumers rein in spending, fueling concerns that the holiday shopping season could be the weakest in years.