CEO Robert Niblock

As we’ve all learned by now hope is not a strategy.Still Lowe’s (LOW) Chief Executive Robert Niblock tried to evoke that feeling of hopefulness in announcing the company’s dismal third-quarter earnings on Monday.The number two home-improvement retailer said third-quarter profit fell 30% as customers continued to delay large purchases amid a weak economy.Profit in the quarter at Lowe’s was $344 million or $0.23 per share down from $488 million...  

Filed under: Lowe's Cos (LOW), Stocks to BuyLowe's (LOW) stock has meandered since the September 16, 2009 Buy rating at $21.60 per share, but I'm nevertheless reiterating my buy rating. Here's why:Lowe's has now posted three straight less-worse-than-expected quarterly earning performances, and the view from here argues that both home improvement revenue, and more broadly, U.S. home sales (new and existing) have bottomed, providing an adequate...  

Filed under: Earnings reports, Lowe's Cos (LOW)Lowe's (LOW) kicked off the week's earnings reports by posting third-quarter earnings of 24 cents per share, matching the consensus estimate. Revenue checked in at $11.4 billion, which -- while 3% lower than a year ago -- was better than the expected revenue of $11.28 billion. LOW's same-store sales dropped 7.5%. Looking ahead, Lowe's forecast fourth-quarter earnings between nine and 13 cents per...  

External links ← Previous revision Revision as of 15:07, 2 December 2009 Line 81: Line 81: * [http://www.donaufestival.at/festival/programm/07/w2/phill-niblock Premiere of Phill Niblock's "Stosspeng," written for Susan Stenger and Robert Poss] * [http://www.donaufestival.at/festival/programm/07/w2/phill-niblock Premiere of Phill Niblock's "Stosspeng," written for Susan Stenger and Robert Poss...  

One word from a CEO can obscure an entire earnings reports. Home improvement giant Lowe’s (NYSE:LOW) reported lackluster earnings. However, its chief Robert A. Niblock said “We are beginning to see signs of improved performance in some of the hardest-hit housing markets including California, Florida and areas of the desert Southwest.” Those areas have been crushed so [...]  

MOORESVILLE, N.C.--(BUSINESS WIRE)--In conjunction with Lowe's Companies, Inc. (NYSE:LOW) third quarter 2009 earnings press release, you are invited to listen to its conference call that will be broadcast live over the internet on Monday, November 16, 2009 at 9:00 a.m. Eastern Standard Time with: Robert A. Niblock, chairman and chief executive officer; Larry D. Stone, president and chief operating officer; and Robert F. Hull, Jr., executive...  

The Good News Economist submits: Earlier in the week, Lowe's Cos. (LOW) said in the third quarter it saw improved sales in several major big-ticket categories, including major appliances and flooring projects.Same-store-sales declines for Lowe's progressively moderated as Q3 advanced, with October same-store sales only dropping 5.6%, following a 7.9% decline in September and an 8.7% drop in August. For the full quarter, same-store sales fell 7...  

George Gutowski submits: Home Depot (HD) and Lowe's (LOW) both announced much weaker revenues this quarter, with Home Depot down 8% and Lowe's down 29.5%. Both are cutting costs and probably doing everything imaginable to salvage the situation, but economic headwinds continue at gale force levels. They will soon realize they have more capacity than they need, and the super store size may not sustain the economic models they are used to working...  

MOORESVILLE, N.C. (AP) — Lowe's Cos.., the No. 2 home-improvement retailer, said Monday its third-quarter profit fell 30 percent as customers continued to delay large purchases amid a weak economy. But Lowe's said some of the hardest hit home markets are stabilizing.read more  

Reuters - Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit as consumers put off big renovations as the U.S. housing market remains sluggish, sending shares down 2.1 percent in premarket trading.  

Lowe's Cos., America's No. 2 home-improvement retailer, said Monday its third-quarter profit fell 30 per cent as customers continued to delay large purchases amid a weak economy. But Lowe's said some of the hardest hit home markets are stabilizing.  

AP Retail Writer NEW YORK — Lowe's Cos., the No. 2 home-improvement retailer, said Monday third-quarter profit fell 30 percent as consumers, worried about jobs and home values, spent on smaller projects like painting but held back on larger jobs.  

Lowes Companies Inc. announced today that they will be extending Jimmie Johnsons sponsorship deal all the way through the 2013 season, along with Hendrick Motorsports who extended Johnsons contract keeping him behind the wheel of the No. 48 through the 2015 season. "Jimmie Johnson and Hendrick Motorsports are a key part of our marketing efforts and outreach to our more than 225,000 employees," said Robert A. Niblock, Lowe's chairman and CEO...  

NEW YORK -- Lowe's Cos. , the No. 2 home-improvement retailer, said Monday third-quarter profit fell 30 percent as consumers worried about jobs and home values spent on smaller projects like painting but held back on larger jobs. Still, the company ...  

NEW YORK (MarketWatch) -- No. 2 U.S. home-improvement retailer Lowe's Cos. said Monday that its fiscal third-quarter profit fell to $344 million, or 23 cents a share, from $488 million, or 33 cents, a year earlier. Sales fell 3% to $11.4 billion with comparable-store sales declining 7.5%. Lowe's said it had a 2-cent per-share charge for reducing the carrying value of assets for three stores and for closing a location. The company sees profit...