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Lowe's Q2 earnings preview

Posted Aug 14th 2009 3:40PM by Michael Fowlkes (RSS feed)
Filed under: Earnings Reports, Analyst Upgrades and Downgrades, Forecasts, Good news

Home improvement retailer Lowe's Companies (NYSE: LOW) will be reporting its second quarter earnings before the market opens on Monday, and there are some positive indicators that it may have been a good quarter for the company.

Over the past year, weak consumer confidence has put a strain on Lowe's, as home owners who have worried about job security and a weak housing market have put off home repair projects. As a result, Lowe's stock fell as low as $13.00 back in March, but has rebounded nicely over the past few months to its current trading price of $22.71.

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The Lowe down

Posted Feb 23rd 2009 4:45PM by Jamie Dlugosch (RSS feed)
Filed under: Earnings Reports, Home Depot (HD), Lowe's Cos (LOW), Recession

Home improvement retailer Lowe's (NYSE: LOW) said Friday its fourth-quarter profit fell 60% from a year ago, as consumers continued to shy away from big-ticket items, such as appliances and cabinetry.

Lowe's said it earned $162 million, or 11 cents per share, in the quarter ended Jan. 30 -- down from earnings of $408 million, or 28 cents per share, last year. Revenue fell 4% to $9.98 billion as same-store sales, a key measure of performance since it tracks growth at existing stores rather than newly opened ones, dropped 9.9%.

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