FMP
Lowe's Shares Gain 2% on Q1 Beat
May 23, 2023 5:05 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Lowe's (NYSE:LOW) shares rose more than 2% intra-day today after the company reported its Q1 earnings results, with EPS of $3.67 coming in better than the Street estimate of $3.46. Revenue was $22.3 billion, beating the Street estimate of $21.66 billion.
The company provided its fiscal 2024 outlook, expecting EPS to be in the range of $13.20-$13.60, compared to its prior guidance of $13.60-$14 and the Street estimate of $13.60.
Full-year revenue is seen at $87-89 billion, compared to the company’s prior guidance of $88-$90 billion and the Street estimate of $88.45 billion.
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