Lowe's: beats consensus in Q4
(CercleFinance.com) - Lowe's Companies reported a Q4 net loss of 824 million dollars or 1.
03 dollar per share; although the group's adjusted EPS increased 8.1% to 80 cents, i.e. three cents more than expected.
The chain of DIY stores saw its revenues edge up 1% to 15.6 billion dollars, including a 1.7% increase on a like-for-like basis (+2.4% for the residential renovation business in the US).
For the current fiscal year, the group based in Mooresville (North Carolina) confirms that it expects EPS of between 6 dollars and 6.10 dollars, for sales that are up about 2% (about 3% like-for-like).
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