Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year
Lowe's topped third-quarter earnings and revenue estimates on Tuesday. The home improvement retailer raised its outlook, but still expects full-year sales to decline from the prior year. Lowe's rival Home Depot has said customers are deferring big projects even after the Federal Reserve cut interest rates.
Lowe’s expecting to end this year with higher sales amid hurricane impacts
The company is expecting to end 2024 with sales between $83 billion and $83.5 billion. This is higher than the previous forecast of $82.7 billion to $83.2 billion.
Lowe’s earnings beats estimates and company raises guidance despite weakness in big-ticket items
Lowe’s Cos.’ stock was unable to hold early gains Tuesday, after the home-improvement retailer beat third-quarter estimates and raised its guidance, as softness in big-ticket items weighed against storm-related sales and positive same-store sales in Pro and online.
Lowe’s Stock Falls After Earnings. Home-Improvement Demand Still Looks Weak.
Lowe’s shares were falling Tuesday as the company’s quarterly earnings report failed to reassure investors that the home-improvement market is headed back to normal after years of weak demand. Lowe’s raised its total sales outlook for 2024 to between $83 billion and $83.
Lowe's Stock Is Falling After Earnings. Here's Why
Lowe's stock is lower Tuesday as Wall Street weighs a beat-and-raise quarter against declining revenue. This is what you need to know.
Here's What's Driving Lowe's Stock Lower Today
There have been more than 450 forward stock splits year to date, including reverse stock splits. Additional stock splits are ...
Lowe's beats its quarterly estimates, but negative sales outlook draws focus
Lowe's (LOW) posted results that beat the Street's estimates, but investors are homing in on its ongoing negative sales ...
Lowe’s Announces Q3 2024 Earnings with Updated Outlook
Lowe’s Companies ( (LOW) ) has released its Q3 earnings. Here is a breakdown of the information Lowe’s Companies presented to its ...
Lowe's Beats on Q3 EPS, Raises Outlook
Lowe's reported mixed earnings for Q3, with revenue slightly surpassing expectations but noting challenges in DIY sales.
Lowe’s sounds alarm bells around a growing problem
Lowe’s ( LOW) , along with other retailers in the home improvement sector, is continuing to suffer from an alarming trend ...
Cautious Outlook on Lowe’s Amid Mixed Q3 Results and Uncertain Margin Improvements
Seth Sigman, an analyst from Barclays, maintained the Hold rating on Lowe’s (LOW – Research Report). The associated price target was raised to ...
Yahoo1d
Lowe’s Earnings Are on Tap. Is the Home-Improvement Slump Over?
Bulls say Home Depot’s results suggest underlying demand for home-improvement products is getting slightly better. But ...
Yahoo Finance1d
Lowe’s prepping for ‘what may be coming from the administration’ on tariffs
“Until mortgage rates fall, the home improvement industry will continue experiencing stiff headwinds." Lowe’s on ...
Lowe's Sales, Profit Top Estimates Despite Continued 'Big Ticket' Softness
Lowe's reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket ...