Lowe's Stock Is a Buy Right Here, Jim Cramer Says

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Lowe's  (LOW) - Get Report reported earnings which came in at $3.21 per share, an 82% increase from the same period last year and firmly ahead of the Street consensus forecast of $2.62 per share. Group revenues, Lowe's said, rose 24% to $24.4 billion, topping analysts' estimates of a $23.8 billion tally.

"Our outstanding performance continued this quarter, as we delivered strong sales growth and operating margin expansion. We delivered over 30% growth in Pro, over 18% growth in all 15 U.S. regions, and growth in Canada that outpaced the U.S.," said CEO Marvin Ellison. "I would like to thank our front-line associates for their hard work and commitment to delivering exceptional customer service. Looking forward, I remain confident in our ability to accelerate our market share gains while driving further improvement in operating margin." 

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