Lowe's Companies Inc. (LOW) posted higher fourth-quarter net earnings of $322 million or $0.26 per share compared with prior year's $285 million or $0.21 per share. On average, 26 analysts polled by Thomson Reuters expected earnings per share of $0.24 for the quarter. Analysts' estimates typically exclude one-time items.
Sales for the three-month period were $11.63 billion, up 11% from $10.48 billion in the same period a year ago, while 23 analysts estimated revenues of $11.34 billion for the quarter. Comparable-store sales for the quarter increased 3.4 percent, while comparable-store sales for the U.S. business rose 3.5 percent.
The company said the latest quarter reported results include charges related to prior announced store closings, discontinued projects and long-lived asset impairments which, in the aggregate, reduced pre-tax earnings for the fourth quarter by $53 million and earnings per share by $0.03.
For fiscal 2012, Lowe's anticipates earnings per share in the range of $1.75 to $1.85, while total sales are expected to increase 1 to 2 percent. On a 52 versus 52 week basis, total sales are expected to increase around 3 percent and comparable-store sales estimated to increase 1 to 3 percent. Twenty-nine analysts project earnings of $1.79 per share for the full year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.