CORRECTION: Lowe's Companies Q4 EPS $1.77 Beats $1.68 Estimate, Sales $18.60B Beat $18.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies (NYSE:LOW) reported Q4 earnings of $1.77 per share, surpassing the $1.68 estimate, marking a 5.36% beat and a 12.03% increase from last year. Q4 sales reached $18.60 billion, exceeding the $18.45 billion estimate by 0.82%, despite a 17.12% decrease from the previous year.
February 27, 2024 | 11:06 am
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Lowe's Companies reported a strong Q4 with earnings and sales beating estimates, showing resilience despite a yearly sales drop.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant beat in earnings per share and the slight beat in sales, despite a year-over-year decrease, indicate operational efficiency and market resilience, which are positive signals for investors.
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