Lowe's Companies IncLOW
± MixedCapitalrelevance
Revenue missed estimates but EPS beat; mixed results.
Impact on stocks 1
Consumer Discretionary
Lowe's Companies IncLowe's reported second-quarter revenue of $25.96 billion, up 8.3% year over year but below the Zacks Consensus Estimate of $26.13 billion. Earnings per share came in at $4.40, beating the consensus estimate of $4.22 by 4.27%. Comparable store sales rose 0.2%, missing the 0.5% average analyst estimate. The company operated 1,761 stores, slightly below the expected 1,762, with sales per store of $14.74 million versus the $14.78 million estimate. Lowe's shares have returned 6% over the past month, outperforming the S&P 500's 3.3% gain.
Lowe's Companies IncRevenue missed estimates but EPS beat; mixed results.