Lowe's Earnings Top Estimates Despite Pullback on Big-Ticket Spending
Lowe's(LOW) investopedia.com·2024-05-21 18:30UPDATE—May 21, 2024: This article has been updated to reflect more recent share price information.Key TakeawaysLowe's reported first-quarter earnings that beat analysts' estimates, despite declining from the year-ago period amid a pullback in home-improvement spending. The company said growth in digital sales and market share among professional contractors helped partially offset a continued slowdown in sales of big-ticket items.Lowe's affirmed its full year-guidance, projecting revenue and diluted earning ...