- Company News: Lowe's (LOW) quarterly earnings beat analysts’ forecasts
Market news
21 August 2019
Company News: Lowe's (LOW) quarterly earnings beat analysts’ forecasts
Lowe's (LOW) reported Q2 FY 2019 earnings of $2.15 per share (versus $2.07 in Q2 FY 2018), beating analysts’ consensus estimate of $2.00.
The company’s quarterly revenues amounted to $20.992 bln (+0.5% y/y), generally in line with analysts’ consensus estimate of $20.958 bln.
The company also reaffirmed guidance for FY 2019, projecting EPS of $5.45-5.65 (versus analysts’ consensus estimate of $5.57) and revenues of ~$72.74 bln or+2% y/y (versus analysts’ consensus estimate of $72.53 bln).
LOW rose to $110.00 (+12.39%) in pre-market trading.
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