Home Depot vs. Lowe's: Earnings Winner

In a head-to-head battle, Home Depot (HD_)continues to reign supreme against Lowe's(LOW_) according to analysts.

Here's a look at how the two stacked up:

Home Depot earned 50 cents a share on revenue of $16.82 billion, beating Wall Street, which was looking for a profit of 49 cents a share on revenue of $17.06 billion. Lowe's posted EPS of 34 cents on revenue of $12.19 billion, falling short of forecasts of 36 cents on revenue of $12.54 billion.

Home Depot reported same-store sales decline 0.6% versus Lowe's 3.3% decrease.

Home Depot raised its guidance to $2.24 a share from a prior outlook of $2.20, while Lowe's trimmed its forcest to the range of $1.56 a share to $1.64 a share, from its prior outlook of $1.60 to $1.72 a share.

Read Full Article from TheStreet.com

- Posted: 2011-05-17 10:26:46

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