Lowe's: Fiscal Q4 Earnings Snapshot
MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe's Cos. (LOW) on Tuesday reported fiscal fourth-quarter profit of $1.02 billion.
On a per-share basis, the Mooresville, North Carolina-based company said it had profit of $1.77.
The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The home improvement retailer posted revenue of $18.6 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $18.34 billion.
Lowe's expects full-year earnings to be $12 to $12.30 per share, with revenue in the range of $84 billion to $85 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOW
