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Lowe's beats earnings estimates as sales fall — and the company expects revenue to slide again this year
LOWLowe's(LOW) CNBC·2024-02-27 11:23

The Lowe's logo is displayed on the front of the store near Bloomsburg.Lowe's on Tuesday beat Wall Street's quarterly earnings and revenue estimates, even as the company continued to see customers tackle fewer home projects. The home improvement was going up against lower expectations for its fourth quarter. It had cut its full-year forecast in November, after CEO Marvin Ellison said the company had felt a "greater-than-expected pullback" on pricier items and discretionary home projects.Lowe's said it facto ...