Good Signs For Home Refinance And Repair – Business Insider

Seattle startup throws hardhat into home improvement arena | Seattle

Within the last day, both companies reported earnings, and while their first quarter results came in a bit mixed, their outlooks for the rest of the year were both upbeat. Yesterday morning, Home Depot reaffirmed its fiscal 2014 sales outlook and raised its profit view, though the company’s earnings per share are expected to be bolstered by $3.75 billion in share repurchases expected during the rest of the year. Lowe’s this morning reported first quarter sales that disappointed , but the company’s quarterly earnings and fiscal year outlooks were in-line with expectations. Lowe’s CEORobert Niblock,[p]erformance has improved in May which, together with our strengthening execution, gives us the confidence to reaffirm our sales and operating profit outlook for the year.” Lowe’s also said it expects operating profit margin to improve 65 basis points. Lowe’s shares opened fractionally lower, while Home Depot stock opened a bit higher.

MBARefiMay212014, which launched last week, uses proprietary algorithms to give homeowners a price range for work that needs to be done around their house. In Seattle and select other cities, the company will then suggest pre-qualified professionals who have agreed to do the work in that price range, and will even book appointments for them with the workers. Is that enough to build up a following against not only the likes of and Angie’s List, but also the brick-and-mortar sources of home renovation such as Lowe’s and Home Depot?


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