Lowe's Companies Q2 2024 Adj. EPS $4.10 Beats $3.99 Estimate, Sales $23.586B Miss $24.013B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lowe's Companies reported Q2 2024 earnings per share of $4.10, beating the estimate of $3.99, but sales of $23.586 billion missed the $24.013 billion estimate. Both earnings and sales decreased compared to the same period last year.

August 20, 2024 | 10:01 am
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Lowe's Q2 2024 earnings per share exceeded expectations, but sales fell short. Both earnings and sales decreased compared to the previous year.
Lowe's reported better-than-expected EPS, which is positive, but the sales miss and year-over-year declines in both earnings and sales are concerning. This mixed result may lead to neutral short-term stock movement as investors weigh the positives against the negatives.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100