Lowe's (LOW) reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket discretionary purchases. Lowe's registered $20.17 billion in revenue for the quarter, below the $20.47 billion it reported a year ago but still better than the $19.89 billion consensus estimate of analysts compiled by Visible Alpha. It posted $1.70 billion in net income, or $2.99 per share, better than projections of $1.60 billion and $2.82 per share, respectively. "Our result ...

LOS ANGELES, CALIFORNIA - AUGUST 20: The exterior sign of a Lowe's home improvement store is seen on August 20, 2024 in Los Angeles, California. The company beat fiscal second-quarter earnings expectations, but missed on sales and cut its full-year outlook blaming inflation. (Photo by Eric Thayer/Getty Images)Lowe's beat Wall Street's quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales.Yet even with the bett ...

— Diluted EPS of $2.99; Adjusted Diluted EPS1 of $2.89 —— Comparable Sales Decreased 1.1% — — Updates Full Year 2024 Outlook —MOORESVILLE, N.C., Nov. 19, 2024 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.7 billion and diluted earnings per share (EPS) of $2.99 for the quarter ended Nov. 1, 2024, compared to diluted EPS of $3.06 in the third quarter of 2023. During the third quarter, the company recognized a $54 million pre-tax gain associated with the 2022 sale of the ...

Lowe’s Companies, Inc. LOW will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 19.Analysts expect the Mooresville, North Carolina-based company to report quarterly earnings at $2.81 per share, down from $3.06 per share in the year-ago period. Lowe’s projects to report quarterly revenue of $19.91 billion, compared to $20.47 billion a year earlier, according to data from Benzinga Pro.On Aug. 20, the company reported adjusted earnings per share of $4.10, beating the an ...

As Lowe's Companies, Inc. (LOW) prepares to unveil its third-quarter fiscal 2024 earnings on Nov. 19 before the opening bell, investors are keenly observing its performance. With a projected decline in the top and bottom-line figures, the upcoming earnings release prompts a critical question: Can Lowe’s meet or exceed expectations despite these anticipated decreases in profitability?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $20 billion, which suggests a drop of 2.5% ...

With a market capitalization of $153.4 billion as of this writing, home improvement retailer Lowe's Companies (NYSE: LOW ) is a giant in its space. In fact, with the exception of The Home Depot ( HD ), whichCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms ...

Key TakeawaysLowe's Companies is set to report third-quarter results before the bell Tuesday, with analysts expecting sales to decline year over year. Lowe's and rival Home Depot have reported falling sales in recent quarters as discretionary spending has declined.Analysts said sales in the professional contractor market will be a key point to watch as do-it-yourself sales remain pressured by inflation. Lowe's Cos. (LOW) is set to report third-quarter results Tuesday morning, with analysts expecting lower r ...

Lowe's plans to provide millions in financial support to small businesses in North Carolina that were hit hard by Hurricane Helene, helping them recover during the holiday season after federal relief temporarily dried up. The $2.5 million fund will provide grants directly to small businesses in the state. It will also provide support to local business development organizations in advancing their work to help businesses navigate disaster relief aid. The fund is part of the company's $12 million pledge to sup ...

Analysts on Wall Street project that Lowe's (LOW) will announce quarterly earnings of $2.81 per share in its forthcoming report, representing a decline of 8.2% year over year. Revenues are projected to reach $19.95 billion, declining 2.6% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over th ...

Beginning Nov. 18 through Nov. 22, small businesses in disaster-declared communities in Western North Carolina will be eligible to apply for grants to meet urgent needs, such as payroll, rent or replacing equipment or tools. The fund will award 100 $20,000 grants, a $2 million investment in area small businesses. A large portion of Western North Carolina's economy relies on small businesses that support the region's thriving tourism, agriculture and artisan industries. "The economic toll of Hurricane Helene ...