Lowe’s Stock Falls After Earnings. Home-Improvement Demand Still Looks Weak.
Lowe’s shares were falling Tuesday as the company’s quarterly earnings report failed to reassure investors that the home-improvement market is headed back to normal after years of weak demand. Lowe’s raised its total sales outlook for 2024 to between $83 billion and $83.
Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year
Lowe's topped third-quarter earnings and revenue estimates on Tuesday. The home improvement retailer raised its outlook, but still expects full-year sales to decline from the prior year. Lowe's rival Home Depot has said customers are deferring big projects even after the Federal Reserve cut interest rates.
Lowe’s earnings beats estimates and company raises guidance despite weakness in big-ticket items
Lowe’s Cos.’ stock was unable to hold early gains Tuesday, after the home-improvement retailer beat third-quarter estimates and raised its guidance, as softness in big-ticket items weighed against storm-related sales and positive same-store sales in Pro and online.
Lowe's (LOW) Beats Q3 Earnings and Revenue Estimates
Lowe's (LOW) came out with quarterly earnings of $2.89 per share, beating the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $3.06 per share a year ago. These figures are adjusted for non-recurring items.
Lowe's expected to post eighth straight quarter of same-store sales decline
On Tuesday, Wall Street is expecting Lowe's to post a Q3 revenue of $19.93 billion, a 3% drop compared to last year. Adjusted earnings per share are projected to decrease 9.62% to $2.82. Same-store sales are estimated to have fallen 2.
Here's What's Driving Lowe's Stock Lower Today
There have been more than 450 forward stock splits year to date, including reverse stock splits. Additional stock splits are ...
Lowe's beats its quarterly estimates, but negative sales outlook draws focus
Lowe's (LOW) posted results that beat the Street's estimates, but investors are homing in on its ongoing negative sales ...
Kiplinger18h
Lowe's Stock Is Falling After Earnings. Here's Why
Lowe's Companies (LOW) is trading near the bottom of the S&P 500 Tuesday despite the world's second-largest home ...
Lowe's Beats on Q3 EPS, Raises Outlook
Lowe's reported mixed earnings for Q3, with revenue slightly surpassing expectations but noting challenges in DIY sales.
Yahoo Finance1h
Lowe's earnings and housing starts: US housing market's latest
Home improvement retailer Lowe's (LOW) may have topped third quarter earnings estimates and raised full-year guidance, ...
Lowe’s Lifts Sales Forecast on Improving Housing Spend
Lowe’s Cos. raised its sales forecast for the year, buoyed by higher spending on home improvement in the Pro category.
Lowe’s Strong Q3 Performance and Strategic Positioning Justify Buy Rating
In a report released today, Justin Kleber from Robert W. Baird maintained a Buy rating on Lowe’s (LOW – Research Report), with a price target ...
Lowe's Raises Annual Same-Store Sales Forecast on Storm Recovery Spending Boost
(Reuters) -Home improvement retailer Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday as ...
Lowe's Sales, Profit Top Estimates Despite Continued 'Big Ticket' Softness
Lowe's reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket ...
Yahoo Finance8h
Lowe’s Sales Squeezed as Shoppers Postpone Big Home Projects
Lowe’s said its comparable sales – a key metric for the retail industry – fell 1.1% for the period through Nov. 1. That ...