Stock of Lowe's Companies, Inc. (LOW) is moving down nearly 4 percent on Wednesday morning trading following the announcement of its fourth-quarter results, which saw a decline in earnings to $999 million, or $1.78 per share, compared with $1.125 billion, or $1.99 per share, last year.
The company's shares are currently trading at $266.74 on the New York Stock Exchange, down 4.14 percent. The stock opened at $266.25 and has climbed as high as $274.19 so far in today's session. Over the past year, it has traded in a range of $206.39 to $293.06.
The company's revenue for the period rose 10.9 percent, to $20.584 billion from $18.553 billion last year.
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