Lowe's Cos. (LOW) Tops Q1 EPS by 65c, Revenues Beat; Comps Rise 25.9%

Lowe's Cos. (NYSE: LOW) reported Q1 EPS of $3.21, $0.65 better than the analyst estimate of $2.56. Revenue for the quarter came in at $24.42 billion versus the consensus estimate of $23.46 billion.

Consolidated Comparable Sales Increased 25.9%; U.S. Comparable Sales Increased 24.4%.

"Our outstanding performance continued this quarter, as we delivered strong sales growth and operating margin expansion. We delivered over 30% growth in Pro, over 18% growth in all 15 U.S. regions, and growth in Canada that outpaced the U.S.," commented Marvin R. Ellison, Lowe's president and CEO. "I would like to thank our front-line associates for their hard work and commitment to delivering exceptional customer service. Looking forward, I remain confident in our ability to accelerate our market share gains while driving further improvement in operating margin."

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

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