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Wednesday, November 20, 2019

Lowe’s Earnings Beat, Revenue Misses In Q3

© Reuters.  Lowe’s Earnings Beat, Revenue Misses In Q3© Reuters. Lowe’s Earnings Beat, Revenue Misses In Q3

Investing.com - Lowe’s (NYSE:LOW) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.41 on revenue of $17.39B. Analysts polled by Investing.com forecast EPS of $1.35 on revenue of $17.69B. That compared to EPS of $1.04 on revenue of $17.42B in the same period a year earlier. The company had reported EPS of $2.15 on revenue of $20.99B in the previous quarter.

Lowe’s follows other major Services sector earnings this month

On October 24, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.

Alibaba ADR earnings beat analysts' expectations on November 1, with second quarter EPS of $13.1 on revenue of $119.02B. Investing.com analysts expected EPS of $10.75 on revenue of $116.96B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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