Lowe’s Tops Q3 Wall Street Estimates For Earnings And Revenue

Benzinga

Lowe’s surpassed Wall Street estimates for third-quarter earnings and revenue as outdoor projects, professional business, and online shopping drove sales. The company exceeded Wall Street expectations for both earnings per share and revenue in the third quarter. Lowe's adjusted its full-year sales guidance upward while anticipating a smaller decline in comparable sales than previously forecasted. Lowe's experienced declines in net income, earnings per share, and revenue in the fiscal third quarter compared to last year.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Lowe's surpassed Wall Street estimates for third-quarter earnings and revenue as outdoor

00:06projects, professional businesses, and online shopping drove sales. The company exceeded

00:11Wall Street expectations for both earnings per share and revenue in the third quarter.

00:15Lowe's adjusted its full-year sales guidance upward while anticipating a smaller decline

00:20in comparable sales than previously forecasted. Lowe's experiencing declines in net income,

00:26earnings per share, and revenue in the fiscal third quarter compared to the same period last

00:31year. For all things money, visit Benzinga.com slash GSTV.

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