Market Overview

UPDATE: Lowe's Posts Upbeat Q4 Profit

Share:
Related LOW
Lowe's Investors Finding Attractive Price To Build Their Position
Lowe's Management May Have 'Found Religion' On Cost Controls, Says Argus

Lowe's Companies (NYSE: LOW) reported an 11% drop in its fiscal-fourth-quarter net income.

Lowe's quarterly earnings declined to $288 million, from $322 million, in the year-ago period. Its earnings per share came in at $0.26 in both quarters.

Its revenue dropped to $11.05 billion from $11.63 billion. However, analysts were expecting earnings of $0.23 per share on revenue of $10.85 billion.

Lowe's shares closed at $37.67 on Friday.

Posted-In: profitEarnings News

 

Related Articles (LOW)

View Comments and Join the Discussion!