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Lowe’s Earnings Disappoint; Shares Drop and Drive Home Depot Lower

From: Market News Video on Mon, Aug 17 2009 1:15 PM

Lowe’s, the number two home improvement retailer said Monday morning second quarter earnings fell 19 percent. Profits fell to $759 million, or 51 cents per share, as compared to 64 cents per share last year.

Deutsche Bank Still Likes Lowe’s Despite Slowdown in Housing

From: Market News Video on Tue, Jul 14 2009 6:39 PM

After meeting with management today, Deutsche Bank analyst Mike Baker reiterated his Buy recommendation on shares of home improvement retailer Lowe’s (LOW). While 2008 profits fell due to the housing slump, first quarter numbers came in ahead of rival Home Depot (HD) as sales and gross ...