Lowe's Companies Q2 Adj. EPS $4.56 Beats $4.49 Estimate, Sales $24.96B Miss $24.99B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies reported Q2 earnings of $4.56 per share, beating the analyst consensus estimate of $4.49 by 1.56 percent. However, this is a 2.36 percent decrease from the same period last year. The company's quarterly sales of $24.96 billion missed the analyst consensus estimate of $24.99 billion by 0.14 percent, marking a 9.17 percent decrease from the same period last year.
August 22, 2023 | 10:00 am
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Lowe's Q2 earnings beat estimates but sales missed and are down YoY. This mixed result could lead to uncertainty in the market.
Lowe's beat earnings estimates, which is positive for the stock. However, the company missed on sales and reported a decrease from the same period last year, which is negative. These mixed results could lead to uncertainty in the market, potentially impacting the stock price.
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