Lowe's Q1 Adj. EPS $3.67 Beats $3.44 Estimate, Sales $22.35B Beat $21.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's reported Q1 adjusted EPS of $3.67, beating estimates of $3.44, and sales of $22.35B, surpassing the $21.60B estimate. This represents a 4.56% increase in earnings and a 5.55% decrease in sales compared to the same period last year.
May 23, 2023 | 10:01 am
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Lowe's Q1 earnings beat estimates with adjusted EPS of $3.67 and sales of $22.35B, representing a 4.56% increase in earnings and a 5.55% decrease in sales YoY.
Lowe's reported better-than-expected Q1 earnings and sales, which could positively impact the stock price in the short term. The 4.56% increase in earnings and the sales beat indicate strong performance, despite the 5.55% decrease in sales compared to last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100