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

Market news

26 February 2020

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

Lowe's (LOW) reported Q4 FY 2019 earnings of $0.94 per share (versus $0.80 per share in Q4 FY 2018), beating analysts' consensus estimate of $0.91 per share.

The company's quarterly revenues amounted to $16.027 bln (+2.4% y/y), roughly in line with analysts' consensus estimate of $16.130 bln.

The company also issued downside guidance for FY 2020, projecting EPS of $6.45-6.65 (versus analysts' consensus estimate of $6.66) and revenues of +2.5-3.0% y/y to $73.95-74.3 bln (versus analysts' consensus estimate of $74.39 bln).

LOW fell to $115.00 (-2.97%) in pre-market trading.

EUR: Narrowing spreads may offer some brief support - ING

U.S. weekly mortgage applications increase

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