Lowe's (LOW) first-quarter fiscal 2024 results reflect a reduction in Do-It-Yourself discretionary spending. Comparable sales for the quarter decline 4.1%.
Shares of Lowe's Companies NYSE: LOW corrected to critical support levels ahead of the Q1 release, setting up a buying opportunity confirmed in its aftermath. The results are not strong but highlight the differentiation between the company and its largest competitor, The Home Depot NYSE: HD, which trails in key spring segments.
Shares of Lowe's Companies NYSE: LOW corrected to critical support levels ahead of the Q1 release, setting up a buying opportunity confirmed in its aftermath. The results are not strong but highlight the differentiation between the company and its largest competitor, The Home Depot NYSE: HD, which trails in key spring segments.
Lowe's (LOW) shares rose in pre-market trading Tuesday after the home-improvement retailer reported first-quarter earnings and revenue that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending.
Earlier today, Lowe's Companies Inc. (NYSE:LOW) reported its Q1 2024 earnings, exceeding analysts' expectations for both revenue and EPS. The company achieved a non-GAAP EPS of $3.67, which was $0.71 above the estimates.
Lowe's (LOW) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.94 per share. This compares to earnings of $3.67 per share a year ago.
Lowe's Companies Inc climbed in Tuesday's pre-market trading after the retailer beat first-quarter expectations in results. Diluted earnings per share came in at US$3.06 for the three months to May, Lowe's reported on Tuesday, against market expectations for US$2.94.
Lowe's Companies Inc climbed in Tuesday's pre-market trading after the retailer beat first-quarter expectations in results. Diluted earnings per share came in at US$3.06 for the three months to May, Lowe's reported on Tuesday, against market expectations for US$2.94.
Lowe's Cos reported a lower-than-expected drop in quarterly sales on Tuesday, helped by more small-scale repairs undertaken by inflation-hit Americans, who have otherwise cut back on big-ticket discretionary home improvement projects.
Home-improvement retailer Lowe's (LOW) reports first-quarter earnings before the bell Tuesday, a week after rival Home Depot (HD) reported its own.
Lowe's (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal first-quarter results on Tuesday, May 21. We expect the company's stock to likely see little to no movement with revenue and earnings matching market expectations in the fiscal first quarter.
Lowe's (LOW) strategic adaptability, evidenced by its proven growth initiatives and bullish outlook on the home improvement industry, reinforces its position for long-term success.