Options Traders Blast Lowe's Stock After Earnings
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Lowe's Companies Inc reported better-than-expected third-quarter earnings and raised its outlook, but expects full-year sales to decline, causing its stock to drop 4.7%.
November 19, 2024 | 4:00 pm
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Lowe's reported Q3 earnings that exceeded expectations and raised its outlook. However, the company anticipates a decline in full-year sales, resulting in a 4.7% drop in its stock price.
Despite beating earnings expectations and raising its outlook, Lowe's expects a decline in full-year sales, which has negatively impacted investor sentiment, causing the stock to drop 4.7%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100