Categories AlphaGraphs, Earnings, Retail

Lowe’s Q2 2020 earnings results — Infographic

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 companies Q2 2020 earnings

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.

Looking forward to listening to management/ analyst comments on Q2 results? Stay tuned here for Lowe’s Q2 2020 earnings call transcript

Prior performance

Most Popular

Infographic: How Starbucks (SBUX) performed in Q1 2023

Starbucks Corporation (NASDAQ: SBUX) reported first quarter 2023 earnings results today. Consolidated net revenues increased 8% year-over-year to $8.7 billion, in line with projections.   Global comparable store sales increased

Earnings: Google parent Alphabet (GOOG, GOOGL) reports lower Q4 profit

Alphabet Inc. (NASDAQ: GOOGL, GOOG) on Thursday reported a 1% increase in fourth-quarter 2022 revenues, with strong contributions from the cloud business. The company, which owns the largest internet search

HOG Earnings: Key quarterly highlights from Harley-Davidson’s Q4 2022 financial results

Harley-Davidson, Inc. (NYSE: HOG) reported fourth quarter 2022 earnings results today. Revenue increased 12% year-over-year to $1.14 billion. Net income attributable to Harley-Davidson, Inc. rose 94% YoY to $42 million,

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