real-time news and commentary for investors
Wednesday, Aug 21
Strong quarter for Lowe's, shares higher
- Lowe's (LOW) reports comparable-store sales rose 9.6% during a quarter that saw the same theme as Home Depot of strong home improvement demand and improved store execution.
- Gross margin increased 42 bps to 34.35%.
- For FY 13, the company expects to see comp sales increase 4.5%. (PR)
- LOW +3.5% premarket.