Home Depot, Lowe's Benefit From Spring Building Bloom

Home Depot, Lowe's Benefit From Spring Building Bloom Shares of home improvement supplies retailers Home Depot and Lowe's rose Thursday after homebuilding sales showed an early spring bloom. Deluxe will help Lowe's enhance the look of its lowesforPros. Lowe's was up nearly 2% at 29. 75-$1. 27. Last quarter, earnings per share climbed 39% to 59 cents, on a 6% hike in sales to $1. 7%, the biggest gain since a 7. 6 billion. Lowe's this week announced a partnership with Web services provider Deluxe. 85 for 2012, roughly in line with analyst projections of $1. The No. As for home builders themselves, Hovnanian shot up nearly 9%, KB Home and Lennar about 6% while Pulte Group grew more than 5%. 21 that unseasonably warm weather helped sales at stores open at least a year rise 5. Home Depot shares rose more than 1% in early-afternoon trading Thursday to 47. Elsewhere in your home improvement group, flooring suppliers retailer Lumber Liquidators rose more than 1% to 23. 7% increase in first quarter of 2004. The mild winter enabled builders to begin construction projects earlier. 42. The company said when it put out results on Feb. The company, which operates 1,745 stores in North America, forecast earnings of $1. 4% compared with the same quarter a year earlier, lower than Home Depot's gain, but topping analyst estimates. Home Depot, Lowe's Benefit From Spring Building Bloom Trade News selected by Local Linkup on 09/03/2012