Lowes Companies Stock News

Some big retailers are feeling better about the end of the year.

Lowe's Companies, Inc. (NYSE:LOW ) Q3 2024 Results Conference Call November 19, 2024 9:00 AM ET Company Participants Kate Pearlman - Vice President, Investor Relations & Treasurer Marvin Ellison - Chairman & Chief Executive Officer Bill Boltz - Executive Vice President, Merchandising Joe McFarland - Executive Vice President, Stores Brandon Sink - Executive Vice President & Chief Financial Offic...

Lowe's Companies Inc (NYSE:LOW) reported third-quarter adjusted earnings per share of $2.89 on revenue of $20.17 billion, both of which beat Wall Street's estimates And while the home improvement retailer also raised its outlook, it said it expects full-year sales to decline year over year, leading LOW 4.7% lower to trade at $259.02 at last glance.

Lowe's (LOW) reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket discretionary purchases.

Lowe's Companies Inc has unveiled expectation-beating results for the third quarter, driven by heightened demand in the wake of hurricanes Helene and Milton. Storm-related, professional and online sales over the three months to November offset soft demand for bigger-ticket DIY items, the home improvement retailer said Tuesday.

Sales in the quarter decline 1.4% to $20.2 billion.

Lowe's earnings beat estimates and company raises guidance despite weakness in big-ticket items

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.