- Company News: Lowe's Companies (LOW) quarterly earnings beat analysts’ forecast
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20 novembro 2018
Company News: Lowe's Companies (LOW) quarterly earnings beat analysts’ forecast
Lowe's Companies (LOW) reported Q3 FY 2018 earnings of $1.04 per share (versus $1.05 in Q3 FY 2017), beating analysts’ consensus estimate of $0.98.
The company’s quarterly revenues amounted to $17.415 bln (+3.8% y/y), generally in-line with analysts’ consensus estimate of $17.358 bln.
The company also issued downside guidance for FY 2018, projecting EPS of $5.08-5.13 (versus analysts’ consensus estimate of $5.16) and revenues of +4% y/y to ~$70 bln (versus analysts’ consensus estimate of $71.59 bln and its prior guidance of +4.5% y/y).
LOW fell to $85.15 (-6.79%) in pre-market trading.
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