Lowe’s stock falls in wake of rival Home Depot’s disappointing earnings report

Shares of Lowe’s Companies Inc. LOW dropped 1.9% toward a seven-week low in premarket trading Tuesday, as a disappointing earnings report from rival home improvement retailer Home Depot Inc. HD weighed on sentiment. Lowe’s is scheduled to report its own fiscal first-quarter results before the May 23 opening bell. Lowe’s stock was headed for a fifth-straight decline, which would be the longest losing streak since the five-day stretch that ended Feb. 9, 2023. The stock has declined 5.

... Shares of Lowe’s Companies Inc. LOW dropped 1.9% toward a seven-week low in premarket trading Tuesday, as a disappointing earnings report from rival home improvement retailer Home Depot Inc. HD weighed on sentiment. Lowe’s is scheduled to report its own fiscal first-quarter results before the May 23 opening bell. Lowe’s stock was headed for a fifth-straight decline, which would be the longest losing streak since the five-day stretch that ended Feb. 9, 2023. The stock has declined 5.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Capital One stock rallies and Home Depot shares dip, and other companies on the moveCapital One Financial Corp.'s shares rose 6% after Warren Buffett’s Berkshire Hathaway Inc. took a near $1 billion bet on the credit card and banking group
Source: MarketWatch - 🏆 3. / 97 Read more »