Categories AlphaGraphs, Earnings, Retail

Lowe’s Companies (LOW) beats market estimates in Q1

Lowe’s Companies, Inc. (NYSE: LOW) reported first-quarter 2021 financial results before the regular market hours on Wednesday. The home improvement company reported Q1 revenue of $24.4 billion, up 24% year-over-year and above the Wall Street projection. Net income of $3.21 per share was also higher than the target that analysts had anticipated.

Consolidated comparable sales rose 25.9%, while US comparable sales increased 24.4%.

LOW shares fell 1.7% immediately following the announcement. The stock has risen 21% since the beginning of this year.

Lowe's Companies Q1 2021 earnings

Looking forward to listening to management / analyst comments on the results? Stay tuned here for Lowe’s Companies Q1 earnings call transcript

Prior performance

  • Lowe's reports Q3 2020 earnings results
  • Lowe's companies Q2 2020 earnings

Most Popular

Infographic: How Take-Two Interactive Software (TTWO) performed in Q1 2022

Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported first quarter 2022 earnings results today. Net revenue decreased 2% year-over-year to $813.3 million. GAAP net income increased 72% to $152.3 million, or $1.30 per share,

IPO News: What to know when Cadre Holdings goes public this week

The IPO market is having a remarkable year as several companies line up to go public. This week will see Cadre Holdings join the group. Here are a few things

The worst seems to be over for ExxonMobil (XOM). Is stock a buy?

With the relaxation of COVID restrictions being extended to more areas, energy demand is picking up as transportation services including air travel restart in many markets. In a sign that

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top