Home Depot reported third-quarter 2019 earnings Tuesday that missed analyst expectations. Shares fell as much as 7.5% in early trading on the news. The company also lowered its full-year 2019 outlook for the second time this year, saying business investments haven’t benefited sales yet. Watch Home Depot trade live on […]
Shares of Lowe’s surged as much as 13% on Wednesday after the retailer posted second-quarter revenue and profit that exceeded analyst expectations. The home-improvement retailer said overall sales from existing Lowe’s stores grew 2.3%, while same-store revenue from US locations climbed 3.2%. Lowe’s chief executive officer said the company’s positive […]
Lowe’s on Tuesday reported third-quarter earnings that beat on both the top and bottom lines but saw comparable sales miss Wall Street’s estimates. Lowe’s also said it will exit Mexico retail business and some non-core US businesses, following previous announcements to shut down Orchard Supply Hardware operations and close 51 […]
Shares of Lowe’s jumped after news that an activist investor that recently bought a stake in the company sees the company as worth triple its value. Activist investor D.E. Shaw believes the home retailer can measure up to its rival Home Depot if it makes the right changes, anonymous sources […]
News that activist investor D.E. Shaw wants a potentially larger stake in Lowe‘s has caused its shares to climb. Seth Sigman, an analyst at Credit Suisse, sees additional upside for the home retailer, as there are three things that make the company attractive. Relative to its rival Home Depot, Sigman […]
Shares of Lowe’s, the home improvement retailer, jumped more than 6% after Bloomberg reported an activist investment from D.E. Shaw, a quantitative investment firm, on Friday. The size of the investment is unknown, but a 0.12% stake in the company was disclosed by D.E. Shaw in November, according to Bloomberg. […]
Sears will stop...