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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The giant of the residential renovation, Lowe's , will be the focus of Home Depot's debates (High Definition) dull income report Tuesday. The Home Depot missed both financial results and net results, and posted only about 3.2% sales growth in the quarter, compared to analysts' expectations of growth in sales. sales of 4.5%. & Nbsp;Management blamed wetter than normal weather for lukewarm sales. "data-reactid =" 16 "> The home improvement giant, Lowe's, will be the focus of concern after the publication of mediocre results from rival Home Depot (HD). The Home Depot missed up and down and recorded only about 3.2% sales growth over the quarter's forecast compared to analysts' expectations for growth. sales of 4.5% were attributed to worse-than-normal weather conditions through sales.
"What we had not planned for, was the extent of adverse weather conditions we experienced in all regions of the quarter," said Craig Menear, CEO of The Home Depot, when the earnings conference call. "It was cold, there was snow and maybe worse, it was wet. Rainy weather is delaying projects as evidenced by our commercial performance during the quarter. "
Home Depot and Lowe's are under pressure as the number of homes built in the US has dropped to its lowest level in two years, according to the Commerce Department. In addition, building permits, which indicate the future construction of homes, increased by 0.3%.
According to analysts surveyed by Bloomberg, Lowe's should record a profit of 79 cents per share for a turnover of $ 15.74 billion. Same store sales, a key industry measure, are expected to have increased 2.3% in the fourth quarter.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Other notable results announced for Wednesday include Campbell Soup (CPB), Chesapeake Energy (CHK), Sinclair Broadcast (SBGI), TJX Companies (TJX) before the opening of the market. Apache (APA), Reservation assets (BKNG), Box (BOX), Fitbit (IN SHAPE), Hostess Brands (TWNK), HP (HPQ), The marks (KG), Square (SQ), Wingstop (WING) will report after the close of the market. "data-reactid =" 20 "> Other notable results announced on Wednesday include Campbell Soup (CPB), Chesapeake Energy (CHK), Sinclair Broadcast (SBGI) and TJX Companies (TJX) before market opening Apache (APA ), booking credits (BKNG), Box (BOX), Fitbit (FIT), hostess brands (TWNK), HP (HPQ), L (LB), Square (SQ), Wingstop (WING) will report after the market closes.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung."data-reactid =" 21 ">Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 22 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.
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