Lowe's Companies Q1 2024 GAAP EPS $3.06 Beats $2.94 Estimate, Sales $21.364B Beat $21.123B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies (NYSE:LOW) reported better-than-expected Q1 2024 earnings with GAAP EPS of $3.06, beating the estimate of $2.94. Sales also surpassed expectations, coming in at $21.364 billion compared to the $21.123 billion estimate.
May 21, 2024 | 10:02 am
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Lowe's Companies reported Q1 2024 earnings that exceeded analyst expectations, with GAAP EPS of $3.06 and sales of $21.364 billion. This positive earnings report is likely to boost investor confidence and drive the stock price up in the short term.
The earnings and sales figures both exceeded analyst expectations, which is a strong positive signal for investors. This is likely to result in a short-term increase in the stock price as the market reacts to the better-than-expected performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100