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.
Prior performance
Most Popular
Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates
Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were
NFLX Stock: What the slowdown in subscriber growth means for Netflix
When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse
FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
