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Home Improvement Giants Already Pricing In QE



 

Home Improvement Giants Already Pricing In QE

Home Improvement Giants Already Pricing In QE
News from Seeking Alpha:

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More…)

Lowe’s (LOW), unlike in its previous quarter, reported a better than expected set of results for its third quarter with sales increasing by 2% to $ 12.1 billion versus analysts’ estimates of $ 11.9 billion. Net income increased by an impressive 76% to $ 396 million which translated into $ 0.40 profit per share (excluding extraordinary items) again beating the estimated $ 0.35 per share. This was attributed to:

  • An increase in purchasing activities for generators, flashlights and other emergency equipment following the sup…………… continues on Seeking Alpha

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