Buoyed by a recovering housing market, U.S. homeowners are opening their wallets for renovations. Home Depot and Lowe’s this week both reported earnings that beat analysts’ estimates and raised their profit forecasts for 2013.
Best Buy Co. rose after the world’s largest consumer-electronics retailer posted its largest quarterly profit in more than two years as Chief Executive Officer Hubert Joly trimmed costs and cut prices to spur sales.
Home Depot Inc., the largest U.S. home-improvement retailer, posted second-quarter profit that topped analysts’ estimates and raised its annual forecast as shoppers buoyed by the housing recovery spend more on projects.
Best Buy Co., the world’s largest consumer-electronics retailer, posted an $81 million first-quarter net loss as the company lowers prices to compete with online rivals.
Home Depot Inc., the largest U.S. home-improvement retailer, posted first-quarter profit that topped analysts’ estimates and raised its forecast for earnings this year as the housing rebound boosts renovation spending.
Apple Inc., Analog Devices Inc. and Garmin Ltd. are among the U.S. companies with the most firepower to extend the biggest surge in stock buybacks since the 1980s.
Best Buy Co., the consumer-electronics retailer being evaluated for a takeover by its founder, posted a $10 million fiscal third-quarter net loss as sales at established stores fell more than expected.
Lowe’s Cos. surged the most in more than three years after fiscal third-quarter profit topped analysts’ estimates, helped by the recovering housing market and preparations for superstorm Sandy.
Home Depot Inc., the largest U.S. home-improvement retailer, posted third-quarter profit that topped analysts’ estimates as the recovering U.S. housing market prompted customers to spend more on home repairs.
Best Buy Co., the world’s largest electronics retailer, and founder Richard Schulze reached an agreement that will allow him to conduct due diligence in his effort to acquire the retailer.
