Lowe’s Companies, Inc. (NYSE: LOW) reported third quarter 2023 earnings results today.
Net sales were $20.5 billion compared to $23.5 billion in the same period a year ago. Comparable sales decreased 7.4%.
GAAP net earnings were $1.7 billion, or $3.06 per share, compared to $154 million, or $0.25 per share, last year.
Earnings beat expectations while sales fell short. The retailer also lowered its full-year guidance.
For the full year of 2023, the company expects total sales of approx. $86 billion and adjusted EPS of approx. $13. Comparable sales are expected to be down approx. 5%.
The stock was down 4% in premarket hours on Tuesday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
