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Lowe's: Fiscal Q2 Earnings Snapshot
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MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe's Cos. (LOW) on Wednesday reported fiscal second-quarter profit of $2.4 billion.

The Mooresville, North Carolina-based company said it had net income of $4.27 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $4.40 per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $4.22 per share.

The home improvement retailer posted revenue of $25.96 billion in the period, missing Street forecasts. Ten analysts surveyed by Zacks expected $26.13 billion.

Lowe's expects full-year earnings to be $12.25 per share, with revenue expected to be $92 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOW

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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