Company News: Lowe's Companies (LOW) quarterly earnings miss analysts’ forecast

Market news

22 May 2019

Company News: Lowe's Companies (LOW) quarterly earnings miss analysts’ forecast

Lowe's Companies (LOW) reported Q1 FY 2019 earnings of $1.22 per share (versus $1.19 in Q1 FY 2018), missing analysts’ consensus of $1.33.

The company’s quarterly revenues amounted to $17.741 bln (+2.2% y/y), generally in line with analysts’ consensus estimate of $17.645 bln.

The company also issued guidance for FY 2019, projecting EPS of $5.45-5.65 (versus analysts’ consensus estimate of $6.05 and its prior guidance of $6.00-6.10) and revenues of +~2% y/y to ~$72.7 bln (versus analysts’ consensus estimate of $72.46 bln).

LOW fell to $102.11 (-8.09%) in pre-market trading.

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