HP; Home Depot; Lowe's; Target
HP, the world's largest PC maker, Q3 net income +14%.
However, excluding currency exchange gains, sales +5%, revenue from outside the US accounted for 66% of sales.
Home Depot, the world's largest home improvement retailer, Q2 net income -24%; sales -5.4%; same store sales -7.9%; 7th decline in 8 quarters.
Lowe's, #2 home improvement retailer, said profit fell for the fourth straight quarter, Q2 net income -7.9%; sales +2.4%; same store sales -5.3%
Target, #2 U.S. discount retailer, said profit fell for the 4th straight quarter after consumers cut purchases of its most profitable clothing and home goods.
Net income -7.6%, revenue +5.8%, same store sales declined for the 2nd straight quarter.
Credit-card profit -65%. Bad debt expense more than doubled to $256 million from $95 million.
Target completed the $3.6 billion sale of 47% of its credit card loans to JPMorgan Chase in May.
However, excluding currency exchange gains, sales +5%, revenue from outside the US accounted for 66% of sales.
Home Depot, the world's largest home improvement retailer, Q2 net income -24%; sales -5.4%; same store sales -7.9%; 7th decline in 8 quarters.
Lowe's, #2 home improvement retailer, said profit fell for the fourth straight quarter, Q2 net income -7.9%; sales +2.4%; same store sales -5.3%
Target, #2 U.S. discount retailer, said profit fell for the 4th straight quarter after consumers cut purchases of its most profitable clothing and home goods.
Net income -7.6%, revenue +5.8%, same store sales declined for the 2nd straight quarter.
Credit-card profit -65%. Bad debt expense more than doubled to $256 million from $95 million.
Target completed the $3.6 billion sale of 47% of its credit card loans to JPMorgan Chase in May.
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