Lowe's: 40% rise in Q3 adjusted EPS
(CercleFinance.com) - Lowe's Companies has reported Q3 net income of 692 million dollars or 91 cents per share.
Adjusted EPS increased 40% to 1.98 dollar, broadly in line with expectations.
The DIY chain stores saw their revenues increase 28% as reported, to 22.3 billion dollars, including a 30.4% increase on a comparable basis for its US home improvement business.
For the last quarter of the financial year, the Mooresville (North Carolina) based group expects adjusted EPS of between 1.10-1.20 dollar, for sales growth of around 15%-20%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Adjusted EPS increased 40% to 1.98 dollar, broadly in line with expectations.
The DIY chain stores saw their revenues increase 28% as reported, to 22.3 billion dollars, including a 30.4% increase on a comparable basis for its US home improvement business.
For the last quarter of the financial year, the Mooresville (North Carolina) based group expects adjusted EPS of between 1.10-1.20 dollar, for sales growth of around 15%-20%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.