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Wednesday, February 25, 2015

Lowe's Q4 Beats, Loses Share To Rival Home Depot



Investors.com http://ift.tt/1BUP0Jf Lowe's (LOW) beat Wall Street targets for fourth-quarter earnings and revenue, but it lost market share to archrival Home Depot (HD). Lowe's reported net earnings of $450 million, or 46 cents per share, a 7% rise vs. the same quarter last year, on a 7.5% hike in revenue to $12.54 billion amid higher home renovations spending and the continuing housing recovery. It was the third quarter in a row that Lowe's had topped earnings forecasts. Analysts


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