Yahoo Finance Live anchors discuss second-quarter earnings for Lowe’s.
Yahoo Finance Live anchors Dave Briggs and Seana Smith look at the state of the housing market as 16% of home purchases in July fell through and confidence falls.
(Bloomberg) -- Lowe’s Cos. reported profit that beat estimates even as home renovators wrestle with a slumping US housing market and the highest inflation in decades.Earnings per share in the fiscal second quarter ended July 29 were $4.67, topping the $4.61 average estimate of analysts surveyed by Bloomberg. Lowe’s said Wednesday that it now sees operating income and earnings per share this year toward the top of its prior outlook. On the flip side, comparable sales unexpectedly fell in the quar