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Lowe's Tops Q4 Earnings, Misses on Sales, as Canada Business Weighs
Lowe's posted stronger-than-expected fourth quarter earnings Wednesday but noted weakness in Canada's housing market would continue over the near term.
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Lowe's said earnings for the three months ending in January, the company's fiscal fourth quarter, came in at 80 cents per share, up 8.1% from last year and one penny ahead of the consensus forecast. Group revenues, Lowe's said, edged 0.68% from the same period last year to $15.6 billion and narrowly missed analysts' estimates of $15.75 billion. Same-store stales in the United States rose 1.7%, Lowe's said, missing the Refinitv forecast of around 2%.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: LOWc1dl0826.png]](https://finviz.com/publish/022719/LOWc1dl0826.png)
Lowe's posted stronger-than-expected fourth quarter earnings Wednesday but noted weakness in Canada's housing market would continue over the near term.
...
Lowe's said earnings for the three months ending in January, the company's fiscal fourth quarter, came in at 80 cents per share, up 8.1% from last year and one penny ahead of the consensus forecast. Group revenues, Lowe's said, edged 0.68% from the same period last year to $15.6 billion and narrowly missed analysts' estimates of $15.75 billion. Same-store stales in the United States rose 1.7%, Lowe's said, missing the Refinitv forecast of around 2%.
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https://www.thestreet.com/investing/earn...yptr=yahoo
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