Lowe's: beats consensus in Q2

(CercleFinance.com) - Lowe's Companies has reported Q2 adjusted EPS that is up 31.
8% at 2.07 dollars, beating the consensus by two cents, for revenues that are up 7.1% at 20.9 billion dollars (+5.2% like-for-like).

For the full year, the home improvement chain based in Mooresville, North Carolina expects EPS of between 4.50 dollars and 4.60 dollars, for sales growth of approximately 4.5%, including about 3% like-for-like growth.

In addition, Lowe's has announced the appointment of David Denton as its future CFO. He will join the group after completing the acquisition of CVS Health - where he is currently CFO - by Aetna, which is expected in the second half of the year.


Copyright (c) 2018 CercleFinance.com. All rights reserved.