The latest “Buzz on the Street” Show: Featuring Retail Earnings Report (NYSE: LOW TGT JWN BJ)

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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4 Comments
  1. Garth Michaels 2 months ago
    Reply

    The S&P 1500 Specialty Retailing Index is having a pretty impressive week, its best since December of 2011 at +7.0%. But Multiline Retail, fueled by two different +20% gains ($TGT and $JWN) is on pace for its biggest week since March of 2009.

  2. Vivian Lee 2 months ago
    Reply

    $JWN strong resistance confirmed

  3. Aaron Smith 2 months ago
    Reply

    Have been wrong as hell on $TGT Being a short over $100…so far.

    • Helen Quach 2 months ago
      Reply

      $TGT Target has opened 100 mini stores and remodeled 500 bigger ones. And it’s paying off

Leave a Reply to Helen Quach Cancel reply