Lowe's Crushes Quarterly Estimates, Sending Shares Higher
Shares of Lowe's moved higher after the company reported fourth quarter earnings of $0.86 a share, topping estimates of $0.79
Shares of Lowe's (LOW) - Get Report moved higher after the company reported fourth quarter earnings of $0.86 a share, topping estimates of $0.79. Revenue of roughly $15.8 billion beat estimates of $15.4 billion. Comparable store sales rose 5.1% during the quarter, crushing forecasts of a 2.4% increase. Fiscal 2017 earnings guidance also topped estimates.
