Lowe's Slips as Company Offers Mixed Guidance Despite Double-Beat Report

Lowe’s reported its fiscal fourth-quarter results this morning, posting beats on both the top and bottom lines that highlighted the effectiveness of its Total Home strategy in a pressured housing environment.Total sales reached $20.6 billion, up 11% year-over-year, exceeding the Zacks Consensus Estimate of $20.36 billion. Adjusted EPS came in at $1.98, up 2.6% from the prior-year quarter and surpassing expectations of $1.95, even after absorbing $149 million in pre-tax acquisition-related expenses. This per ...