Lowe's Companies, Inc. (LOW) reported earnings for third quarter that Decreased from last year but beat the Street estimates.
The company's earnings totaled $1.616 billion, or $2.88 per share. This compares with $1.695 billion, or $2.99 per share, last year.
Excluding items, Lowe's Companies, Inc. reported adjusted earnings of $3.06 per share for the period.
Analysts on average had expected the company to earn $2.95 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.2% to $20.813 billion from $20.170 billion last year.
Lowe's Companies, Inc. earnings at a glance (GAAP) :
-Earnings: $1.616 Bln. vs. $1.695 Bln. last year.-EPS: $2.88 vs. $2.99 last year.-Revenue: $20.813 Bln vs. $20.170 Bln last year.
Looking ahead, for the full year, LOW has revised up its sales outlook above analysts’ expectations.
The company now anticipates total sales of $86 billion, higher than the prior guidance of $84.5 billion to $85.5 billion.
LOW now expects adjusted income of around $12.25 per share, compared with the earlier outlook of $12.20 to $12.45 per share.
Analysts, on average, forecast LOW to post revenue of $85.66 billion, with earnings of $12.27 per share.
LOW was up by 4.60% at $230 in the pre-market trade on the New York Stock Exchange.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.