Lowe's Companies Inc (LOW.N)
16 Mar 2018
Lowe's Companies Inc's quarterly profit and margins fell well short of Wall Street estimates on Wednesday as the No. 2 U.S. home improvement chain's investments to convert shoppers' visits into sales did not pay off as much as expected.
* Shares fall as much 9.4 pct, Home Depot shares flat (Adds analyst quote)
* LOWE'S COMPANIES INC - SHERWIN-WILLIAMS WILL BECOME THE ONLY NATIONWIDE SUPPLIER TO LOWE'S U.S. RETAIL OUTLETS FOR INTERIOR AND EXTERIOR PAINTS
* 2018 TOTAL SALES ARE EXPECTED TO INCREASE APPROXIMATELY 4 PERCENT
Feb 28 Lowe's Companies Inc's sales growth at established stores in the fourth quarter beat analysts' estimates on Wednesday, as the No.2 U.S. home improvement chain got a boost from higher customer traffic in an improving housing market.
* LOWE'S CANADA TO HIRE MORE THAN 7,000 EMPLOYEES THIS SPRING FOR ITS LOWE'S, RONA AND RENO-DEPOT STORES Source text for Eikon: Further company coverage:
Lowe's Cos Inc on Thursday said it would pay a one-time bonus of $1,000 for over 260,000 hourly U.S employees, as the home improvement chain takes advantage of changes in the U.S. tax code.
Feb 1 Lowe's Cos Inc on Thursday said it would pay a one-time bonus of $1,000 for over 260,000 hourly U.S employees, as the home improvement chain takes advantage of changes in the U.S. tax code.
Jan 19 Home improvement chain Lowe's Cos Inc said it has nominated two independent board members and plans to add a third following "constructive" talks with hedge fund D.E. Shaw Group, which has taken an activist stake, sending shares up 3 percent on Friday.
Jan 19 Lowe's Cos Inc said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake in the home improvement chain, sending its shares up 2 percent.