Lowe's earnings Q4 2016

CNBC | on Wed, Mar 1, 8:13 AM

The home improvement sector has been a rare outperformer in retail, as rising home prices have caused Americans to invest in their residences. Lowe's sees that trend continuing in fiscal 2017, saying it expects revenue to increase roughly 5 percent, with sales at its established stores rising 3.5 percent. That should translate into earnings of $4.64 per share, the retailer said. All of those projected metrics topped Wall Street's forecasts. "We've entered 2017 well-positioned to capitalize on...

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