8 months ago
78 The Lowe's logo is displayed connected the beforehand of the store adjacent Bloomsburg.
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Lowe's reported mixed fiscal second-quarter results connected Tuesday, arsenic consumers' involvement successful tackling springtime projects helped offset weakening location betterment demand.
The location betterment retailer topped Wall Street's net estimates, but fell somewhat abbreviated of expected sales.
Lowe's stuck by its full-year forecast. It anticipates full income volition scope betwixt $87 cardinal and $89 cardinal for the period. It projects comparable income volition driblet by 2% to 4% this fiscal year. It expects adjusted net per stock volition scope betwixt $13.20 and $13.60.
Lowe's cut its full-year forecast successful May.
Here's however the institution did for the three-month play that ended Aug. 4 compared with what analysts expected, according to statement estimates from Refinitiv:
Earnings per share: $4.56 vs. $4.49 expectedRevenue: $24.96 cardinal vs. $24.99 cardinal expectedLowe's nett income for the three-month play was $2.67 billion, oregon $4.56 per share, compared with $2.99 billion, oregon $4.68 per stock in the year-ago period.
Net income fell from $27.48 cardinal a twelvemonth earlier.
Comparable income decreased 1.6% successful the fiscal 2nd quarter. That's amended than the 2.6% diminution that analysts expected, according to FactSet.
Shares of Lowe's closed connected Monday astatine $217.59, bringing the company's marketplace worth to $127.5 billion. So acold this year, Lowe's banal is up much than 9%. That's little than the astir 14% gains of the S&P 500.
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