Home Depot Builds Nice Net Income In Q2 – Hispanicbusiness.com

Lowe’s Q2 Results Top Estimates; Backs FY EPS Outlook, But Cuts Sales View

Analysts polled by FactSet expect earnings of $4.41 per share. The chain maintained its guidance for full-year sales to be up about 4.8 percent from the previous year. Based on 2013’s revenue of $78.81 billion, this implies approximately $82.6 billion. http://www.hispanicbusiness.com/2014/8/19/home_depot_builds_nice_net_income.htm

Comparable sales increased 4.4 percent. “We were able to recover most of the outdoor product sales missed in the first quarter due to unfavorable weather conditions,” said Robert Niblock, chairman, president and CEO. During the quarter, the company repurchased $1.1 billion of stock under its share repurchase program. As of August 1, 2014, Lowe’s operated 1,837 home improvement and hardware stores in the U.S., Canada and Mexico. http://www.rttnews.com/story.aspx?Id=2372809

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