Lowe's Cos. (LOW) Tops Q3 EPS by 2c; Comps Rose 5%
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Lowe's sales top estimates amid strengthening U.S. housing market
November 18, 2015 6:08 AM ESTBy Sruthi Ramakrishnan
(Reuters) - Lowe's Cos Inc (NYSE: LOW) followed larger rival Home Depot Inc (NYSE: HD) in reporting better-than-expected quarterly profit and same-store sales, and the company said it expects higher spending on home improvement to continue until 2017 at least.
Strong results from the top two U.S. home improvement chains are in contrast to those from department store operators Macy's Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN), which cast a pall over the... More
