Lowe's Reports Second Quarter Sales and Earnings Results
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Lowe's Cos. (LOW) Tops Q2 EPS by 5c, Revenues Beat; Provides FY18 EPS Outlook
August 22, 2018 6:04 AM EDTLowe's Cos. (NYSE: LOW) reported Q2 EPS of $2.07, $0.05 better than the analyst estimate of $2.02. Revenue for the quarter came in at $20.9 billion versus the consensus estimate of $20.78 billion.
Comparable sales increased 5.2 percent. Comparable sales for the U.S. home improvement business increased 5.3 percent for the second quarter.
"We posted solid results this quarter by capitalizing on delayed spring demand," commented Marvin R.... More
