Lowe's (LOW) Earnings Beat Estimates with $23.08B Revenue Report
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowLowe's Companies, Inc. (NYSE:LOW) reported first-quarter revenue of $23.08 billion, surpassing estimates of $22.97 billion, with earnings per share of $3.03, exceeding the forecast of $2.97. The company has seen a decline of 4.3% in shares over the past year and 11.9% year-to-date. Analysts have recently adjusted price targets, with Truist lowering its target from $293 to $280 while maintaining a Buy rating, and Citi upgrading its rating to Buy from Neutral with a target of $285. Despite overall market pressures, these results and adjustments may positively influence investor sentiment towards LOW.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Lowe's Companies Inc. (LOW)
Lowe’s is a major U.S. home-improvement retailer serving DIY consumers and professional builders, second in the category to Home Depot.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
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