Lowe's 4Q Earnings Beat Expectations But 2024 Outlook Remains Bleak

Key TakeawaysLowe's Companies reported diluted fourth-quarter earnings per share of $1.77, up from$1.58 the prior year and beating analysts' expectations.The company continues to weather a consumer slowdown in the home improvement sector, with quarterly comparable sales down 6.2% from the prior year.Full-year comparable sales guidance for 2024 came in lower than expectations, with a forecast of a 2% to 3% decline.Lowe's Companies Inc. (LOW) reported fourth-quarter earnings that beat expectation Tuesday but ...