Home improvement retailer Lowe's Cos. reporter a better-than-expected third quarter, helped by easing costs and better revenue trends. In a call with investors, CFO Robert Hull discusses the impact of Superstorm Sandy.
Question: "Do you expect Sandy to become a net positive in the coming quarters?"
Response (CFO Hull): "Looking forward, we believe there is some upside related to Hurricane Sandy. We certainly want to be there for folks as communities rebuild. It's very difficult for us to estimate what the potential impact is going forward, but as we have on later quarters, we will tell you what the estimated impact was for that quarter."