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Just a day after competitor Home Depot (HD) had its turn in the earnings confessional, Lowe's Companies Inc (NYSE:LOW) revealed a top- and bottom-line win for the fourth quarter amid improving sales.
Just a day after competitor Home Depot (HD) had its turn in the earnings confessional, Lowe's Companies Inc (NYSE:LOW) revealed a top- and bottom-line win for the fourth quarter amid improving sales.
Lowe's jumps on strong earnings while Nvidia's post-close results could steer US stocks. Dow futures up, S&P 500 eyes a rebound.
Lowe's (LOW) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.77 per share a year ago.
Michael Baker, D.A. Davidson senior research analyst, joins 'Squawk Box' to break down Lowe's quarterly earnings results.
Lowe's reported quarterly results that beat expectations but gave a downbeat full-year outlook a day after rival Home Depot did the same.
Lowe's beat Wall Street's fourth-quarter earnings and revenue expectations and forecast modest growth in the year ahead. The company's better-than-expected performance comes after rival Home Depot snapped an eight-quarter losing streak for comparable sales.
— Comparable Sales Increased 0.2% — — Diluted EPS of $1.99; Adjusted Diluted EPS1 of $1.93 — — Provides Full Year 2025 Outlook — MOORESVILLE, N.C. , Feb. 26, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.1 billion and diluted earnings per share (EPS) of $1.99 for the quarter ended Jan. 31, 2025, compared to diluted EPS of $1.77 in the fourth quarter of 2023.
Lowe's Companies, Inc. LOW will release its fourth-quarter financial results before the opening bell on Wednesday, Feb. 26.
Investors are getting more insight into the strength of the consumer and the home building market as Home Depot released its Q4 results this morning with Lowe's report scheduled for Wednesday, February 26.