Lowe’s (LOW) earnings Q2 2022

A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021.

David Paul Morris | Bloomberg | Getty Images

Lowe’s on Wednesday reported second-quarter earnings that beat analysts’ expectations, although revenue fell short.

The company said sales to do-it-yourself customers were hurt by the shortened spring and lower demand for certain discretionary items. That was partially offset by an increase in sales to professionals.

The results come after Home Depot on Tuesday reported better-than-expected earnings and revenue for the second quarter, and stood by its forecast.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $4.67 cents, adjusted, vs. $4.58 expected
  • Revenue: $27.48 billion vs. $28.12 billion expected

This is breaking news. Please check back for updates.

Source link

Products You May Like

Leave a Reply

Your email address will not be published.

Get The Best Financial Tips
Straight to your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Slot Anti Rungkad

https://codanceacademy.com/

https://www.primedisplays.com.br/

https://www.jfpet.com.br/