Home improvement retailer Lowe's Companies Inc. (LOW) reported first-quarter net earnings of $540 million, a 2.5 percent increase from last year's $527 million. Earnings per share increased 14.0 percent to $0.49 from $0.43 in prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter decreased about 0.5 percent to $13.09 billion from $13.15 billion in the first quarter of 2012, while comparable sales for the quarter decreased 0.7 percent. Twenty three analysts had consensus revenue estimate of $13.46 billion for the quarter.
Looking ahead for fiscal 2013, the company still expects earnings per share of about $2.05 on total sales increase of about 4 percent. Comparable sales are expected to increase approximately 3.5 percent. Analysts expect the company to report earnings of $2.08 per share on revenues of $52.38 billion for fiscal 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.