FinancialBuzz.com’s latest Buzz on the Street Show: Featuring our Retail News Report on Lowe’s Companies, Inc., Target Corp., Nordstrom, Inc. and BJ’s Wholesale Club Holdings, Inc.
During Wednesday’s premarket hours, Lowe’s Companies, Inc. (NYSE: LOW) reported its second quarter financials, topping analysts’ estimates and sending shares 10% higher. The home improvement retailer reported earnings of 2.15 dollars per share on revenues of 20.99 Billion dollars. The company clarified that its financials were impacted by lumber deflation and difficult weather.
The Target Corporation (NYSE: TGT) also reported its second quarter financial results on Wednesday morning, posting better-than-expected results and an upbeat guidance, causing shares to surge over 17.7%. The retailer reported earnings of 1.82 dollars per share on revenues of 18.42 Billion dollars.
Then Nordstrom, Inc. (NYSE: JWN) reported its Q2 results during extended trading hours, crushing analysts’ earnings estimates, but falling short of revenue projections. For the second quarter, Nordstrom reported earnings of 90 cents per share on revenues of 3.87 Billion dollars.
Lastly, BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) made an announcement on Thursday before the opening bell, declaring better-than-expected results and affirming its guidance, causing shares to soar 14.4%. For the second quarter, BJ’s reported earnings of 39 cents per share on revenues of 3.35 Billion dollars.
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