Home > Results for Lowe’s, Hurt by the Slump in Housing and the Economy, Reports Profit Fell 18%
Lowe’s, Hurt by the Slump in Housing and the Economy, Reports Profit Fell 18%
Lowe’s, the second-largest home improvement chain behind Home Depot, cut its forecast for full-year profit and sales and said earnings for the current quarter would trail the year-earlier level.
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Lowe’s Posts Lower Profit and Cuts Forecast
The home improvement retailer reported a 17.9 percent drop in first-quarter earnings and lowered its guidance for the year as the slumping housing market and softer economy hurt sales.
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Housing Slump Cuts Black & Decker’s Profit
The tool maker Black & Decker Corporation reported sharply lower first-quarter profit and cut its full-year forecast as a housing slump and credit crunch slowed home improvement activity.
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Economic Fears Hit Lowe's
Housing slump undercuts Lowe's profits; company braces for future declines.
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Lowe’s Profit Falls, but Beats Expectations
The home improvement chain said its profit fell nearly 8 percent but managed to top Wall Street expectations, helped by expense controls and better-than-expected sales.
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Lowe's Q3 Profit Falls 24 Percent But Tops Estimates (AHN)
(AHN) - Lowe's Co. announced Monday third quarter earnings fell 24 percent as same-store sales slipped 5.9 percent with consumers hesitant to purchase big-ticket items. - Mon, 17 Nov 2008 22:46:02 GMT
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Mattel’s Profit Falls Sharply, but Beats Expectations
The toy maker said second-quarter profit fell by nearly half, hurt by lower global demand for Barbie toys and higher costs, but results still beat Wall Street expectations.
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Strong Dollar Hurts Campbell’s Profit
The Campbell Soup Company said that its quarterly profit fell 3.7 percent, despite a strong increase in soup sales, and that currency exchange rates would hurt its results for the full year.
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Lowe’s Profit Drops, but Beats Expectations
The home improvement retailer reported a 7.9 percent decline in second-quarter profit, but topped Wall Street expectations as it benefited from expense controls and government stimulus checks.
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Viacom’s Profit Fell 37% on Slower Ad Sales
The media conglomerate said that its third-quarter profit fell 37 percent from a year ago as Paramount Pictures’ theatrical revenue fell more than a third and advertising revenue declined.
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Kohl’s Says Profit Fell as Shoppers Spent Less
MILWAUKEE (AP) — Kohl’s Corporation said Thursday its fourth-quarter profit fell about 15 percent as shoppers continued to pull back their spending.
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Even Celebrities Hurt by Housing Slump
Avril Lavigne, Slash, Wilmer Valderrama and others hit by the poor market.
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Even Celebrities Hurt by Housing Slump
Avril Lavigne, Slash, Wilmer Valderrama and others hit by the poor market.
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Donald Trump on Surviving Housing Slump
Mogul talks professional success, personal failure and surviving housing slump.
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World Business Briefing | Asia: Japan: Tire Maker’s Profit Falls
Bridgestone, the tire maker, said its profit fell 18.4 percent in the first quarter as a result of sluggish demand in the United States and a strengthening yen. Net profit fell to 22.96 billion yen ($220 million) from 28.14 billion yen a year earlier. Revenue rose 3.6 percent to 797.84 billion yen (
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World Business Briefing | Europe: Belgium: Brewer’s Profit Drops
InBev, brewer of Stella Artois and Beck’s, posted an unexpected 11 percent decline in first-quarter profit, blaming rising costs for ingredients and shipping, and weak sales in Brazil. The company also said that the latest results were being compared with strong earnings a year ago. InBev
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Asian Markets Fall As Rising Costs Hurt Steelmakers (AHN)
(AHN) - Markets in Japan and elsewhere fell, while Chinese investors took advantage of the slump to buy depressed shares. - Wed, 25 Jun 2008 08:53:27 GMT (AHN)
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Derivatives Hurt Profit at Berkshire Hathaway - New York Times
HispanicBusiness.comDerivatives Hurt Profit at Berkshire HathawayNew York Times - 54 minutes agoBy REUTERS OMAHA (Reuters) - Berkshire Hathaway, Warren E. Buffett’s investment company, said on Friday that first-quarter profit tumbled 64 percent, hurt by $1.6 bil
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Forecast: Housing Slump Ends; Jobless Rises
Forecasters see weak economy and higher unemployment.
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Forecast: Housing Slump Ends; Jobless Rises
Forecasters see weak economy and higher unemployment.
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