Third Quarter 2012 Earnings Conference Call
Posted in the Lowes Companies Forum
#1 Nov 13, 2012
When: 9:00 a.m. Eastern Time on Monday, November 19, 2012
So who or what will Niblock blame for the dismal results?
More cuts on the way? Find out.
#2 Nov 13, 2012
Lets compare to Home Depot, who announced their earnings for 3Q2012 today:
(All good news at Home Depot....)
Home Depot Inc.(HD), the largest U.S. home-improvement retailer, posted third-quarter profit that topped analysts’ estimates as the recovering U.S. housing market prompted customers to spend more on home repairs.
Net income climbed 1.4 percent to $947 million, or 63 cents a share, from $934 million, or 60 cents, a year earlier, the Atlanta-based company said today in a statement.
The rebound has helped sales at Home Depot locations open at least a year gain 4.2 percent, the sixth straight quarterly increase, as customers visited more often and spent more per trip.
Sales this year will gain 5.2 percent, Home Depot said today. That’s up from a previous projection for a 4.6 percent gain. Profit excluding the effect of closing seven stores in China will be $3.03 a share, up from a previous forecast of $2.95 and topping the $2.98 average estimate.
Home Depot’s average transaction value in the third quarter rose 2.9 percent to $54.55 while the number of purchases climbed 1.7 percent to 331 million.
The earnings reflect “the start of the path toward the healing of the housing market,” Chief Executive Officer Frank Blake said in the statement.
Since: Nov 12
#3 Nov 13, 2012
Lowes current sitituation reminds me of the man who thought he could fly, so he jumped off the top of a 12 story building, and as he fell past the 4th floor, flapping his arms uselessly in the air, he was heard to say, "so far so good".
The 12 story building represents the twelve business months and the 4th floor the start of the 4th quarter. "So far so good" is waiting on the 3rd quarter results.
We all know what comes next.
This is why the opinion survey and ESSI results are being held until after the release of results on Monday. They don't want Wall Street getting wind of the coming crash of the company who thought they could fly.
#4 Nov 14, 2012
Look for an interesting week for Lowes.
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