Lowe’s Cos. posted a mixed fiscal fourth-quarter earnings report Wednesday, beating profit expectations but failing to clear analysts’ bar for revenue. The...
Lowe’s Cos. LOW posted a mixed fiscal fourth-quarter earnings report Wednesday, beating profit expectations but failing to clear analysts’ bar for revenue. The company generated net earnings of $957 million, or $1.58 a share, compared with $1.21 billion, or $1.78 a share, in the year-before quarter. On an adjusted basis, Lowe’s earned $2.28 a share, while analysts tracked by FactSet were modeling $2.21 a share. Revenue rose to $22.4 billion from $21.
On an adjusted basis, Lowe’s earned $2.28 a share, while analysts tracked by FactSet were modeling $2.21 a share. Revenue rose to $22.4 billion from $21.3 billion but fell a hair shy of the FactSet consensus, which was for $22.7 billion. Comparable-store sales fell by 1.5% in the fourth quarter, while the FactSet consensus was for flat performance. Comparable sales for the company’s U.S. home-improvement business declined 0.7%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denver weather: Windy start to the week, light snow likely WednesdayDenver will have a few days of windy weather this week before a likely midweek snow Wednesday.
Read more »
Mild in Denver today, with more snow by WednesdayIt’ll be another mild start to the week with highs in the low to mid-50s along the Front Range. Winds will calm down a bit, but it'll still be breezy throughout the day. LisaDenver7 has the full forecast: COwx
Read more »
Severe weather possible Wednesday, Thursday and FridayForecasters think there will be three days this week that will have the potential for severe weather. The first round of storms is possible on Wednesday. A stronger system is expected on Thursday and could produce storms in Alabama into Friday as well. ➡️
Read more »
'I hope so': Kevin Durant trending toward making Phoenix Suns debut WednesdayKevin Durant hasn't played since Jan. 8 when he suffered a right MCL sprain at Miami while playing for the Brooklyn Nets.
Read more »
Extra food assistance from U.S. government's SNAP program ends WednesdayThe emergency allotments to the Supplemental Nutrition Assistance Program, or SNAP, are ending on March 1.
Read more »
Yet another storm to hit San Diego, bringing more rain and snow through WednesdayUp to 2 feet of additional snow could blanket Mount Laguna and Palomar Mountain this week, according to the National Weather Service.
Read more »