Lowe's (LOW) Q4 Earnings Beat Estimates, Sales Decline Y/Y

Lowe’s Companies, Inc. (LOW) came up with fourth-quarter fiscal 2023 results, wherein the top and bottom lines beat the respective Zacks Consensus Estimate. However, the company experienced a year-over-year decline in both revenues and earnings. This can be attributed to a reduction in Do-It-Yourself (DIY) spending observed during the period.Q4 in DetailThe home improvement retailer posted quarterly earnings of $1.77 per share, which came ahead of the Zacks Consensus Estimate of $1.68. However, the figure m ...