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Lowe's: Q4 EPS better than expected

( - Lowe's Companies has reported Q4 earnings of 509 million dollars, or 66 cents per share.

Adjusted EPS increased 17.5% to 94 cents, three cents more than expected.

The DIY store chain saw its sales increase by 2.5% on a comparable basis, to 16 billion dollars, including a 2.6% increase on a comparable basis for its residential renovation business in the US.

For the current fiscal year, the group based in Mooresville (North Carolina) expects adjusted EPS of between 6.45 dollars and 6.65 dollars, for sales growth of approximately 2.5%-3% (approximately 3%-3.5% on a comparable basis).

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