Lowe's Cos. (LOW) Misses Q2 EPS by 4c; Comps Rose 4.3%

Lowe's Cos. (NYSE: LOW) reported Q2 EPS of $1.20, $0.04 worse than the analyst estimate of $1.24. Revenue for the quarter came in at $17.3 billion versus the consensus estimate of $17.3 billion.

Comparable sales increased 4.3 percent.

"We posted solid results for the quarter and were able to capitalize on big-ticket market share opportunities with strong growth in categories like appliances and outdoor power equipment," commented Robert A. Niblock, Lowe's chairman, president and CEO. "I would like to thank our employees for their hard work and commitment to serving customers during this important selling season."

"Our year-to-date earnings per share performance was in line with our expectations. This, together with the execution of our strategic priorities, gives us confidence in our Business Outlook for 2015," Niblock added.

Lowe's Cos. sees FY2015 EPS of $3.29, versus the consensus of $3.28.

For earnings history and earnings-related data on Lowe's Cos. (LOW) click here.

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