BUZZ-Lowe's rises as Q4 beat overshadows downbeat annual sales forecast

Reuters
26 Feb
BUZZ-Lowe's rises as Q4 beat overshadows downbeat annual sales forecast

** Home improvement firm Lowe's LOW.N shares up 2.7% at $249 premarket

** Q4 net sales of $18.55 billion beat analysts' expectation of $18.31 billion, according to data compiled by LSEG

** Adjusted earnings per share of $1.93 also topped estimates of $1.84

** However, annual comparable sales forecast came in largely below Wall Street estimates

** Expects annual EPS in the range of $12.15 to $12.40, compared to estimates of $12.49

** Shares rose 10.9% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10