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Lowe's Shares Jump On Q3 Earnings Beat

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Lowe's Shares Jump On Q3 Earnings Beat

Lowe's Companies (NYSE: LOW) reported third-quarter earnings of $1.41 per share on Wednesday, which beat the analyst consensus estimate of $1.35 by 4.44%. This is a 35.58% increase over earnings of $1.04 per share from the same period last year.

The company reported quarterly sales of $17.39 billion, which missed the analyst consensus estimate of $17.68 billion by 1.64%. This is a 0.14 % decrease over sales of $17.415 billion the same period last year.

Lowe's shares were trading up 3.6% at $117.50 in Wednesday’s pre-market session. The stock has a 52-week high of $118.23 and a 52-week low of $84.75.

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