— Lowe’s Companies, Inc. (NYSE: LOW) reported earnings of $0.94 per share in the fourth-quarter 2019 vs. $0.91 per share expected.
— Q4 Sales grew 2.5% to $16 billion, versus $16.15 billion expected. Comparable sales for the US home improvement business rose 2.6% for the fourth quarter.
— CEO: Our sales growth was driven almost entirely by our U.S. brick and mortar stores, supported by our investments in technology.
— Expects total sales growth of 2.5% to 3% in fiscal year 2020. Comparable sales growth for this period expected between 3% and 3.5%. Adjusted EPS projected in the range of $6.45 to $6.65.
— LOW fell 3% during pre-market hours.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
Kroger (KR) looks set to start 2023 with new vigor. Is the stock a buy?
The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new
Dollar General (DG): Five takeaways from the discount store’s Q3 earnings report
Shares of Dollar General Corporation (NYSE: DG) were up over 2% on Friday, a day after the company delivered mixed results for the third quarter of 2022 and lowered its
Salesforce stock hit by weak guidance, co-CEO’s exit. What next?
For technology stocks, 2022 has been a challenging year, with companies losing significant market value amid prolonged stock selloff. In that respect, Salesforce, Inc. (NYSE: CRM) is among the worst-affected
Comments
Comments are closed.