Lowe's: Q2 EPS above estimates
(CercleFinance.com) - Lowe's Companies has published Q2 net profit of 2.
8 billion dollars, or 3.74 dollars per share. Adjusted EPS increased by 74% to 3.75 dollars, or almost 1 dollar above the consensus.
The DIY retail chain's reported sales increased by 30% to 27.3 billion dollars, up 35.1% in the United States.
The group from Mooresville, North Carolina, highlighted a 135% increase at Lowes.com, says that in May it withdrew its financial guidance for FY 2020 "due to limited visibility into future business trends in this unprecedented operating environment".
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