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Stock impact report

Lowes Stock Is On The Rise After Earnings, Despite Housing Market Dip [Forbes]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Forbes
|Jeffrey Greenberg/Universal Images Group via Getty ImagesKey TakeawaysLowe's has been Home Depot’s little, perhaps understated, brother in the home improvement marketplace for some time. While management has tried to replace its rival as the top retailer in the space, it has consistently come up short.This holiday season, there is renewed hope that Lowe's can overcome its standing as the second-largest home improvement retailer. Here is what investors should know.Lowe's stock in the newsLowe's earnings report for the third quarter of the 2022 fiscal year shows that it's one of the few retailers that hasn't been hurt by the recession or the slowdown in home sales. It reported an increase in sales for a total of $23.5 billion versus $22.9 billion in Q3 of 2021.Lowe’s stock closed at $210.97, down 17.43% year-t0-date. Home Depot is down 20.13% YTD.Why are Lowe’s sales so strong suddenly?MORE FOR YOUThe Inside Story Of Papa John's Toxic Culture‘Overwatch 2’ Ramattra Gameplay Trailer Show Show less Read more
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