Lowe’s: Fiscal Q2 Earnings Snapshot
MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe’s Cos. (LOW) on Tuesday reported fiscal second-quarter earnings of $2.67 billion.
The Mooresville, North Carolina-based company said it had net income of $4.56 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $4.49 per share.
The home improvement retailer posted revenue of $24.96 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $24.94 billion.
Lowe’s expects full-year earnings in the range of $13.20 to $13.60 per share, with revenue in the range of $87 billion to $89 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOW