Lowe's: Q1 results fall short of expectations
(CercleFinance.com) - Lowe's Companies reported Q1 net income of 988 million dollars, representing EPS that is up 15.
5% at 1.19 dollar, three cents below the consensus.
The home improvement chain store group saw revenues increase by 3% to 17.4 billion dollars, with a 0.6% increase in sales at constant stores, suffering from adverse weather conditions.
For the full year, the group from Mooresville (North Carolina) still expects EPS of 5.40 dollars to 5.50 dollars, on revenues that are up approximately 5%, including approximately 3.5% at constant stores.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5% at 1.19 dollar, three cents below the consensus.
The home improvement chain store group saw revenues increase by 3% to 17.4 billion dollars, with a 0.6% increase in sales at constant stores, suffering from adverse weather conditions.
For the full year, the group from Mooresville (North Carolina) still expects EPS of 5.40 dollars to 5.50 dollars, on revenues that are up approximately 5%, including approximately 3.5% at constant stores.
Copyright (c) 2018 CercleFinance.com. All rights reserved.