Wall Street Breakfast: Lowe’s Companies, Inc. (LOW), Edison International (EIX), General Growth Properties Inc (GGP)

The retail business landscape is shifting very fast, and that explains why players such as Lowe’s Companies, Inc. (NYSE:LOW) and trying to keep up with the pace. The company recently announced testing of four robots at its selected stores to help customers in their shopping. The home improvement retailer is testing robots that can help customers locate where the items they want are placed in the stores. Customers can also easily find out if the store stocks what they want to buy.

Enhancing customer experience are some of the strategies that retailers are trying to implement to boost sales amid competition. Many other retailers are also making price tweaks to boost sales.

It remains to be seen how far Lowe’s Companies, Inc. (NYSE:LOW) goes with its robots implementation and how much it can gain from the same.

Get a FREE analysis on LOW

Edison International (NYSE:EIX) delivered striking 3Q earnings results that were mostly supported by cost-saving initiatives and association with quality business partners. The $20 billion utility company posted adjusted earnings of $1.52 per share, which was 7% up from the same quarter last year. The EPS also surpassed the estimate of $1.35 for the quarter.

Coming to the top line, Edison International (NYSE:EIX) generated revenue of $4.536 billion, which was up almost 15% from last year. The revenue figure also smashed the estimate of $4.019 billion.

The association with Southern California Edison helped Edison International (NYSE:EIX) in the quarter.

Get a FREE analysis on EIX

General Growth Properties Inc (NYSE:GGP) saw its share rising to a new 52-week high of $25.18. That followed a favorable rating on the back of a sunny quarter. Analysts at Oppenheimer increased their target price on the stock of General Growth Properties Inc (NYSE:GGP) to $28 from $26. The firm has an “Outperform” rating on the stock.

The favorable sentiments from Oppenheimer came just when General Growth Properties Inc (NYSE:GGP) recently posted improved performance digits. The company grew its revenue 6% to $631.8 million, and earnings also increased sharply. It earned $0.07 per share, ahead of $0.02 per share last year.

Get a FREE analysis on GGP

Culver Stinson

Culver Stinson

Stinson is US Markets Daily’s Senior Producer for News & Public Affairs.