Archive for February, 2009

Lowe’s falls after 4th-quarter earnings report (AP)

Shares of Lowe’s Cos. Inc. sank to a nearly eight-year low Monday after analysts cut estimates for the nation’s second-largest home improvement chain.

Earnings Preview: Home Depot (at Seeking Alpha)

Lumber Liquidators to Report Fourth Quarter and Full Year 2008 Earnings on March 11, 2009 (PR Newswire)

Lumber Liquidators, Inc., the largest specialty retailer of hardwood flooring in the U.S., today announced that it intends to release fourth quarter and full year 2008 results as well as full year 2009 guidance on Wednesday, March 11, 2009.

Lowes Q4 earnings drop 60% (at bizjournals.com)

[$$] Lowe’s Cuts Outlook as Profit Falls 60% (at The Wall Street Journal Online)

Closure adds 730 jobs to state’s losses (at Atlanta Journal Constitution)

Builders FirstSource Inc. Q4 2008 Earnings Call Transcript (at Seeking Alpha)

Earnings Preview: The Home Depot Inc. (AP)

The Home Depot Inc. reports results for the fourth quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period.

Retail Stocks: Lowe’s, Penney give downbeat outlooks in declining sector (at MarketWatch)

Retail shares decline, after Lowes Cos. and J.C. Penney Co. both give forecasts that miss Wall Street expectations.

Lowe’s 4Q profit falls along with housing market (AP)

The dismal housing market dragged down fourth-quarter profits at Lowe’s Cos. Inc. by 60 percent, and executives at the home improvement chain said they see little hope of a substantive fix from a federal effort aimed at helping struggling homeowners.