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Did Lowe’s Meet Analysts’ Expectations in Q2 2018?

Ralph Nathan
Did Lowe’s Meet Analysts’ Expectations in Q2 2018?

Lowe’s Companies (LOW) posted its second-quarter earnings before the market opened on August 22. Lowe’s outperformed analysts’ EPS expectation of $2.02 and their revenue estimate of $20.78 billion. Lowe’s management also announced that it would be closing all 99 Orchard Supply Hardware stores and its distribution facility by the end of 2018 to focus on its core home improvement business.