Home Depot Inc

NYSE:HDUnited States

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• DJ Lowe's Shows Home Improvement Spending May Be Nearing Bottom -- Market Talk, from 30 minutes ago by Dow Jones

  30 minutes ago by Dow Jones
  Companies Mentioned: HD, LOW
  
  1032 ET - Home improvement spending may be getting closer to a bottom as the rate of Lowe's comparable sales declines continued to ease in 1Q, M Science analyst John Tomlinson says in a note. Same-store sales were down 4.1%, beating analyst forecasts for a 5.6% decline and an improvement from a 6.2% drop in 4Q and 7.4% decline in 3Q. Unlike its rival Home Depot, Lowe's logged stronger quarterly results that topped analyst expectations in part from gains in its professional-customers channel, though spending on big-ticket items remains under pressure, the analyst says. Shares slide 3.1% to $222.12. (dean.seal@wsj.com)
  

• DJ Lowe's Above-Consensus Sales Balanced Below-Consensus Margin -- Market Talk, from 1 hour ago by Dow Jones

  1 hour ago by Dow Jones
  Companies Mentioned: HD, LOW
  
  0952 ET - Lowe's reports gross margins in 1Q that were below consensus, but the retailer's better-than-expected sales during the quarter kept profits in line with the consensus estimate, DA Davidson analyst Michael Baker says in a research note. On the margin side, it's a tough look for Lowe's, which had been narrowing its margin gap with rival Home Depot for the past several years only for the gap to widen in 1Q, the analyst says. Still, the sales decline was lighter than expected and guidance was reiterated, Baker says. Lowe's is off 1.4% in early trading.(dean.seal@wsj.com)
  

• DJ Home Depot's Earnings Signal Trouble for Lowe's. Home Improvement Demand Is Soft. -- Barrons.com, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: HD, LOW
  
  By Sabrina Escobar
  
  Home Depot's earnings last week carried a warning for competitor Lowe's: consumer demand for home improvement is still under pressure.
  
  That could weigh on sales growth when Lowe's reports first-quarter earnings Tuesday morning.