Were Expectations Too High for Lowe's?
In this video from Wednesday's edition of MarketFoolery, host Mark Reeth and Motley Fool analysts Matt Argersinger and Bryan White take a deep Foolish dive into retail stock earnings and what the holiday season ahead looks like for the retail sector.
Lowe's reported net earnings that were up 26% year over year, with same-store sales up 6.2%. The company also upped its guidance for the coming quarter. Despite all this, the strength of the housing market combined with Home Depot's incredibly solid earnings report had analysts predicting higher for Lowe's, and the stock sold off a bit on the news. Did Lowe's truly underperform or were the expectations just too high? Our analysts take a look at Lowe's and the home-improvement retail business today.
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The article Were Expectations Too High for Lowe's? originally appeared on Fool.com.Fool contributors Bryan White and Mark Reeth have no position in any stocks mentioned, and neither does Matthew Argersinger. The Motley Fool recommends Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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