Lowe’s Q2 Earnings Surge As Home Improvement Spending Rise – Analyst Blog – Nasdaq.com

The company now expects its sales and comparable-store sales to register year-over-year growth of approximately 4.5% and 3.5%, respectively. Earlier, the company has projected growth of 5% and 4% in sales and comparable-store sales, respectively. Operating margin is still expected to improve by nearly 65 basis points while effective tax rate is projected to be almost 37.2% Further, Lowe’s continues to anticipate earnings for fiscal 2014 to be approximately $2.63 per share. Currently, the Zacks Consensus Estimate for the fiscal stands at $2.60 per share. Moreover, the company still intends to open 10 home improvement stores and 5 hardware stores in the fiscal. http://www.nasdaq.com/article/lowes-q2-earnings-surge-as-home-improvement-spending-rise-analyst-blog-cm382076

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