Maria welcome, lowes reporting Quarterly Earnings a moment ago, Ashley Webster are. The numbers. Ashley lets get right to it, eps, adjusted basis 141 per share, better than estimate of 1. 35 but revenue coming in just a tad short 14. 4 billion, we were looking for, or at least the street was locking for 17. 68 billion, a little miss on the revenue side, it is reaffirming says lowes, outlook for the rest of the year, in fact, its raising eps estimates which is pretty solid when you consider disappointing result from home depot yesterday, as you can see, though, premarket, lose down 3 , total sales up 2 , but other than that comp sales were up 3 , the outlook or certainly, about where we expected it to be, maybe as comparing this to home depot, maria, a little less on the downside although i wouldnt say that much on the upside if that makes sense, the stock coming back a little bit in premarket, this is not a bad report at all and certainly raising the outlook for the rest of the year ce
Fun last night and you were no, i want my 2 back. But its weird to just buy one to say what would i do if it happened. Just think about what youd do if it happened. Id actually be here anyway. What i told the kids, when mommy married me, she already won the lottery. Thats what i told the kids. A ba who won the lottery in your family . My wife. But i feel like i won the lot theory every day. I mean that but im talking about in terms of big income, big so bad. What . I won the lot theory with her, trust me. Well, you did, finding anyone. I would i didnt know that someone had won. So you didnt buy your tickets in missouri or arizona . No. Yesterday i really had a good feeling. You were looking forward to having the set by yourself. Its probably going to be easier to win the lottery than get a deal on the fiscal cliff. Did you watch that News Conference yesterday . Was it any different than the last one or the one in fr the la from the last two years . Telling everyone again up to 250 you
Half a percent. The market continues to watch the fiscal cliff. Trading action has resolvolved around this. Ben, what is your fiscal cliff strategy . What do you want to do with your money in the economy does go off the fiscal cliff . Yeah, we were worried about that back in september, october. So even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. Didnt just put it into cash. We put it into three areas we think are still good long term. One is we talk about emerging Market Equities, but i like emerging market debt. These monetary authorities are done tightening. They fought the inflationary problem that they had successfully. Theyre in hoed. Yield curves could shift down. We stress doing it in local currency. The other areas are u. S. High yield, which i still think is valuable. We do think spreads will contract and emerging Market Equities as well. Jordan, what about you . How are you preparing for what
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