Categories AlphaGraphs, Earnings, Retail
LOW Earnings: Key quarterly highlights from Lowe’s Q3 2024 financial results
Lowe’s Companies, Inc. (NYSE: LOW) reported its third quarter 2024 earnings results today.
Total sales were $20.2 billion, compared to $20.5 billion in the prior-year quarter. Comparable sales decreased 1.1%.
Net earnings were $1.69 billion, or $2.99 per share, compared to $1.77 billion, or $3.06 per share, last year. Adjusted EPS was $2.89.
Revenue and earnings beat expectations.
Lowe’s updated its guidance for the full year of 2024. The company now expects total sales of $83.0-83.5 billion. Comparable sales are now expected to be down 3.0-3.5% from last year. Adjusted EPS is expected to be approx. $11.80-11.90.
The stock fell 2% 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
WMT Earnings: Walmart Q3 sales and profit rise and beat estimates
Retail giant Walmart Inc. (NYSE: WMT) on Tuesday announced financial results for the third quarter of 2025, reporting an increase in sales and net profit. The numbers also topped expectations.
Applied Materials (AMAT) sees continued growth momentum in fiscal 2025
Applied Materials, Inc. (NASDAQ: AMAT) has reported better-than-expected fourth-quarter results, but the company's stock slipped soon after the announcement last week. The semiconductor technology firm had a strong finish to
Altria (MO): A look at the progress in smoke-free and challenges in smokeables
Shares of Altria Group, Inc. (NYSE: MO) remained green on Monday. The stock has gained 9% over the past three months. MO saw overall revenue dip slightly during its most
