Lowe’s (NYSE: LOW) reported second-quarter financial results before the opening bell on Wednesday. The home improvement company reported a 30% increase in Q2 revenues to $27.3.1 billion, beating Wall Street consensus. Net earnings of $3.74 per share also handsomely surpassed what analysts had anticipated.
HD shares rose 0.6% immediately following the announcement. The stock has increased by 32% so far this year.
Lowe’s CEO Marvin R. Ellison said, “Looking ahead, our sales momentum continues into August, and we are investing in the business to further our omnichannel capabilities and position the Company to deliver long-term value to associates, customers and shareholders.”
Yesterday, rival Home Depot (NYSE: HD) also reported second-quarter results that surpassed Wall Street predictions, driven by a 34.2% growth in comp sales.
Prior performance
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