Lowe's Pre-Earnings: Steady Housing Growth To Boost Lowe's Q3 Growth

Lowe?s? top line expanded by 4.2% in the first half of this fiscal year ending January 2015, and the company needs around 5% growth in the second half to meet its full-year target. Given the solid growth in consumer spending, and strengthening housing market, the retailer might even beat its target sales growth, similar to what was seen at Home Depot this quarter.