Best Buy’s board has approved payment of a regular quarterly cash dividend of 17 cents per common share $BBY
May 22 (Reuters) – Staples Inc missed analyst
estimates for profit and sales in the first quarter, hurt by a
stronger dollar and weak sales in Europe and Australia.
The lackluster numbers from the largest U.S. office supply
chain came after rivals Office Depot Inc and OfficeMax
Inc also reported weaker-than-expected results.
(Reuters) – Lowe’s Cos Inc (LOW.N: Quote, Profile, Research, Stock Buzz) reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger rival Home Depot Inc (HD.N: Quote, Profile, Research, Stock Buzz).
The results contrasted sharply with those of Home Depot and signaled that Lowe’s, the world’s No. 2 home improvement chain, was still struggling to narrow the performance gap with the industry leader.