Market Overview

UPDATE: Lowe's Posts Upbeat Q3 Sales

Share:
Related LOW
Home Depot And Lowe's Companies May Be Reaping Benefits Of Lumber Liquidators Woes
Lowe's Companies: A Case Of Sell The News
The Dividend Aristocrats: Should They Be A Part Of Your Investing Decision? (Part 1) (Seeking Alpha)

Lowe's Companies (NYSE: LOW) reported a rise in its third-quarter profit.

Lowe's quarterly sales climbed 1.9% to $12.1 billion, beating analysts' estimates of $11.9 billion. Its sales at stores open at least year gained 1.8%.

Lowe's quarterly net income increased to $396 million, or $0.35 per share, versus $225 million, or $0.18 per share, in the year-ago period. However, analysts were expecting earnings of $0.35 per share.

Lowe's shares closed at $31.98 on Friday.

Posted-In: profitEarnings News

 

Related Articles (LOW)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content