Lowe's Takes Some Heat (LOW, HD)

Posted in pre-market 
August 17th, 2009

Lowe’s Companies (NYSE: LOW) is getting clipped after the home improvement and hardware giant posted $0.51 EPS vs. $0.54 estimates.  Revenues were light as well, and same store sales were a disappointment. At 8:35 AM EST we have shares actively traded with almost 150,000 shares (will pick up in next hour) and almost 14 million shares on average per day.  The stock is also down 10.5% at $20.44.

For sympathy, Home Depot (NYSE: HD) often moves almost hand in hand with this stock.

JON C. OGG

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