Tuesday, November 20, 2012

Lowe's - I Remain On Sidelines Despite Operational Improvement And Large Cash Returns


Shares of Lowe's (LOW) rose more than 6% in Monday's trading session. The home improvement retailer reported a decent set of third quarter results before the market open.
Third Quarter Results
Lowe's reported third quarter revenues of $12.07 billion, up 1.9% on the year before. Revenue growth was driven by comparable sales growth of 1.8%. Revenues comfortably beat analysts consensus of $11.92 billion.
Read the entire article on Seekingalpha by clicking the following link

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