Lowe's Companies Q3 EPS $3.06 Down From $3.27 YoY, Sales $20.47B Down From $23.48B YoY
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies, Inc. (NYSE: LOW) reported a decrease in Q3 earnings per share (EPS) from $3.27 last year to $3.06 this year, and a decline in sales from $23.48 billion to $20.47 billion, representing a 6.42% decrease in EPS and a 12.81% decrease in sales year-over-year.
November 21, 2023 | 11:03 am
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NEGATIVE IMPACT
Lowe's Companies reported lower Q3 earnings and sales compared to last year, with EPS decreasing by 6.42% and sales by 12.81%.
The reported decrease in both EPS and sales is a negative indicator for Lowe's performance and may lead to a bearish outlook among investors in the short term. This could result in downward pressure on the stock price as the market reacts to the earnings miss.
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