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Goldman Sachs: Lowe's Margin Drivers Gain Visibility
Tuesday, November 16, 2010 - 9:45am | 110Lowe's (NYSE: LOW) 3Q results support Goldman Sachs' thesis that margin drivers are gaining visibility, driving accelerating EPS growth through year-end amidst a soft top-line, bridging the gap to a sales turn as the macro stabilizes in 2011. Goldman is raising its 2010 forecast by $0.01 to $1.42...
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J.P Morgan: Lowe's Reports EPS Beat On Gross Margin Performance
Tuesday, November 16, 2010 - 9:41am | 158Net-net, in spite of soft sales, J.P Morgan continues to see an upward bias to Lowe's (NYSE: LOW) estimates and believes the Street is underestimating the power of the model from a margin and cash flow perspective. In views this biases the stock to the upside with the potential range of 2011 EPS...
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US Stock Futures Signal Lower Start On Wall Street, Economic Data In Focus
Tuesday, November 16, 2010 - 7:38am | 277US stock futures are lower, this morning as investors awaited several economic reports. Futures on the Dow Jones Industrial Average dropped 79 points to 11,094.00, while S&P 500 futures declined 8.00 points to 1,187.80. Nasdaq 100 futures fell 17.75 points to 2,110.25. US stock markets ended...
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Home Depot Reports Better-Than-Expected Q3 Earnings
Tuesday, November 16, 2010 - 7:08am | 56Home Depot Inc (NYSE: HD) reports its Q3 EPS at $0.51, beating the consensus of $0.48. HD reports its Q3 revenue at $16.6 billion, versus the estimates of $16.59 billion. HD shares gained 0.51% to $31.55 in after-hours trading. Read more from Benzinga's Company news.
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Earnings Scheduled For November 16 (SKS, TJX, HD, ANF, WMT, JEC, LZB, BOBE, DKS, GA)
Tuesday, November 16, 2010 - 4:20am | 270Saks Incorporated (NYSE: SKS) is expected to post its earnings at $0.02 per share on revenue of $656 million in the third quarter. TJX (NYSE: TJX) is estimated to post its Q3 EPS at $0.90 on revenue of $5.53 billion. Home Depot (NYSE: HD) is projected to report its Q3 earnings at $0.48 per share on...
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Stocks To Watch For November 16 (WMT, JWN, SKS, URBN, HD)
Tuesday, November 16, 2010 - 4:05am | 212Some of the stocks that may grab the investor focus today are: Wall Street expects Wal-Mart Stores Inc (NYSE: WMT) to report its Q3 EPS at $0.90. WMT shares moved up 0.02% to $53.96 in after-hours trading. Nordstrom Inc (NYSE: JWN) reported about 43% y/y rise in its Q3 net income. The company's...
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Lowe's VP to Retire
Monday, November 15, 2010 - 5:35pm | 63Lowe's Companies, Inc. (NYSE: LOW) announced today long-time merchandising and operations executive Charles W. “Nick” Canter will retire March 4, 2011, following a 36-year career with the company. Canter has served as executive vice president, merchandising since 2006. He began his career at Lowe'...
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Lowe's Profit Rises 17%, but It Lowers Its Forecast
Monday, November 15, 2010 - 1:12pm | 91Lowe's (NYSE: LOW) reported Monday morning that its third-quarter profit was $404 million or 29 cents a share, an increase from $344 million or 23 cents a share a year earlier. Results included charges of two cents and one cent respectively. Revenue climbed 1.9% to $11.59 billion. Same-store sales...
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Retail on the Rise? - Analyst Blog
Monday, November 15, 2010 - 11:30am | 1460Retail Sales were better than expected in October, and the numbers for September were revised higher. Total retail sales rose 1.2%, much better than the 0.7% consensus expectation, and are up 7.3% from a year ago. September was revised up from 0.6% growth to 0.7% growth, which makes the overall...
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News Summary (LOW, BUCY, CAT)
Monday, November 15, 2010 - 10:34am | 224Shares of Lowe's Cos (NYSE: LOW) gained about 0.7% after the company reported its Q3 results. The company's earnings increased 17% y/y to $404 million, or $0.29 per share. Excluding one-time charges, LOW would have earned $0.31 per share. The company's revenue increased 1.9% y/y to $11.6 billion....
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Stock Market News for November 15, 2010 - Market News
Monday, November 15, 2010 - 10:33am | 686Concerns that China would soon initiate steps to cool economic growth sent stocks sharply lower on Friday. Prices for raw materials and commodities dropped on concerns a slowdown in Chinese growth would impact demand. Eurozone growth concerns also weighed on sentiments. The Dow average fell more...
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Company News for November 15, 2010 - Corporate Summary
Monday, November 15, 2010 - 10:33am | 805• Caterpillar (NYSE: CAT) announced plans to buy Bucyrus (NASDAQ: BUCY) for $8.6 billion, or $92 per share • EMC (NYSE: EMC) said it plans to buy Isilon (NASDAQ: ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE: MT) said it is interested in buying Massey Energy (NYSE: MEE) • BHP...
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US Stock Futures Up As Investors Await Retail Sales Data
Monday, November 15, 2010 - 7:41am | 174US stock futures are slightly higher, this morning as investors are awaiting the data on retail sales. Futures on the Dow Jones Industrial Average rose 10 points to 11,162.00, while S&P 500 futures gained up 2 points to 1,197.00. Nasdaq 100 futures moved up 7.75 points to 2,141.50. US stocks...
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Earnings Scheduled For November 15 (URBN, LOW, GYMB, JWN, MCP, DSX, AHII, SSRX, API, CPE)
Monday, November 15, 2010 - 4:24am | 264Urban Outfitters Inc (NASDAQ: URBN) may post its Q3 earnings at $0.42 per share on revenue of $583 million. Lowe's Companies Inc (NYSE: LOW) is projected to report its Q3 EPS at $0.30 on revenue of $11.75 billion. Gymboree Corp (NASDAQ: GYMB) is expected to report its Q3 EPS at $1.28 on $285...
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Stocks To Watch For November 15 (JWN, LOW, URBN, MRK, GYMB)
Monday, November 15, 2010 - 4:16am | 194Some of the stocks that may grab the investor focus today are: Wall Street expects Nordstrom Inc (NYSE: JWN) to report its Q3 EPS at $0.50. JWN shares gained 0.85% to $41.75 in after-hours trading. Analysts are expecting Lowe's Companies Inc (NYSE: LOW) to have earned $0.30 per share in the third...