NEW YORK (TheStreet) -- Shares of Lowe's Companies Inc. (LOW) are lower by -1.36% to $47.21 as the home improvement retailer reacts negatively to Lumber Liquidators (LL) announcement it slashed its 2014 full year earnings outlook.
The hardwood floor retailer said it's expecting an EPS between $2.65 and $3.00 per diluted share, compared to its previous guidance between $3.25 and $3.60 for the full year.
Lumber Liquidators is also expecting to see a drop in revenue for the full year between $1.05 billion and $1.10 billion, from between $1.15 billion and $1.20 billion.
Must Read: Warren Buffett's 25 Favorite Stocks
Lowe's competitor, The Home Depot Inc. (HD) also declined due to the announcement by -1.99% to $79.12.
Separately, TheStreet Ratings team rates LOWE'S COMPANIES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LOWE'S COMPANIES INC (LOW) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."