Lowe's: exceeds expectations in Q3
(CercleFinance.com) - Lowe's Companies reported third-quarter net earnings of 872 million dollars, meaning a 19.
3% rise in EPS to 1.05 dollar, beating the consensus by eight cents.
The home improvement chain saw its revenues rise by 6.5% to 16.8 billion dollars, including a 5.7% like-for-like increase. According to the group, sales stemming from hurricane repairs represented around 200 million dollars.
For the full year, the Mooresville, North Carolina-based group expects EPS of between 4.20 dollars and 4.30 dollars, for sales growth of approximately 5%, including comparable store growth of approximately 3.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3% rise in EPS to 1.05 dollar, beating the consensus by eight cents.
The home improvement chain saw its revenues rise by 6.5% to 16.8 billion dollars, including a 5.7% like-for-like increase. According to the group, sales stemming from hurricane repairs represented around 200 million dollars.
For the full year, the Mooresville, North Carolina-based group expects EPS of between 4.20 dollars and 4.30 dollars, for sales growth of approximately 5%, including comparable store growth of approximately 3.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.