New York, NY -- (ReleaseWire) -- 02/27/2013 -- Lowe's Companies Inc. (NYSE: LOW) reported net earnings of $288 million and diluted earnings per share of $0.26 for the fourth quarter of 2012. For the fiscal year, net earnings were $2.0 billion and diluted earnings per share were $1.69.
Lowe’s fiscal year ends on the Friday nearest the end of January; therefore, fourth quarter and fiscal year 2011 included an extra week compared to 2012. As a result of the extra week in 2011, net earnings for the fourth quarter declined 10.6 percent and diluted earnings per share were flat from the fourth quarter of 2011. Net earnings for the fiscal year increased 6.5 percent and diluted earnings per share increased 18.2 percent from fiscal year 2011.
Get the daily trend analysis reports on LOW here:
Morgan Stanley (NYSE: MS) announced that Thomas R. Nides, former Deputy Secretary of State and former Chief Operating Officer of Morgan Stanley, will rejoin the Firm as Vice Chairman.
In his new role, Mr. Nides will have a broad mandate focusing on the Firm’s global clients and other key constituencies around the world. He will also work with senior management on issues related to external and government affairs. Mr. Nides will be a member of Morgan Stanley’s Operating and Management Committees and will report directly to Chairman and CEO James P. Gorman.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide.
Get the daily trend analysis reports on MS here:
WallStreetReport.net issues momentum alerts on stocks that can provide gains to day traders. WallStreetReport.net provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more. WallStreetReport.net monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals WallStreetReport.net is often in the know of several large investor awareness campaigns being deployed.
Timing is everything when trading Penny Stocks. Gain an Edge by joining the WallStreetReport.net newsletter and receiving alerts from a Pro-Active team of researchers. Wall Street Report believes traders should have a chance at successfully trading Penny Stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www.WallStreetReport.net
Disclosure: WallStreetReport.net is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit WallStreetreport.Net website, for complete risks and disclosures.
BlueLys, its employees, officers, directors, shareholders and affiliates, hold no positions in the above-mentioned stocks.
For full disclaimer visit: http://www.wallstreetreport.net/disclaimer-2/
WALL STREET REPORT