The Traderszone Network

Published in TZ Latest News 19 August, 2015 by The TZ Newswire Staff

Retail Chains Lowe’s, Target Post Solid Sales In Q2

Shares of No. 2 home-improvement chain Lowe’s rose nearly 2% Wednesday despite missing earnings views, in contrast to the gains posted by its bigger rival, Home Depot. Lowe’s (LOW) said Q2 earnings rose 15.4% from the year-ago period to $1.20 per share, which was 4 cents below analyst views, according to a tally by Thomson Reuters. Sales rose 4.5% to $17.35 billion, slightly above consensus of $17.27 billion.

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