Lowe's: Q2 under expectations.
(CercleFinance.com) - Lowe's is expected to be battered on Wednesday after the group published disappointing Q2 results.
Before Wall Street opened, the US distribution chain specialising in construction and gardening equipment reported EPS of 1.68 dollar, up 37 cents from last year. Excluding extraordinary items, EPS also rose 20 cents to 1.57 dollar, although the consensus was more confident, expecting 1.62 dollar.
Reaching 19.5 billion dollars, against 18.26 billion dollars in Q2 last year, revenues also disappointed the consensus.
Lowe's targets FY EPS of between 4.2 dollars and 4.3 dollars. According to management, sales at constant stores are expected to increase 3.5%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Before Wall Street opened, the US distribution chain specialising in construction and gardening equipment reported EPS of 1.68 dollar, up 37 cents from last year. Excluding extraordinary items, EPS also rose 20 cents to 1.57 dollar, although the consensus was more confident, expecting 1.62 dollar.
Reaching 19.5 billion dollars, against 18.26 billion dollars in Q2 last year, revenues also disappointed the consensus.
Lowe's targets FY EPS of between 4.2 dollars and 4.3 dollars. According to management, sales at constant stores are expected to increase 3.5%.
Copyright (c) 2017 CercleFinance.com. All rights reserved.