Lowe's Cos. (LOW) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 EPS Outlook

Lowe's Cos. (NYSE: LOW) reported Q3 EPS of $1.04, $0.06 better than the analyst estimate of $0.98. Revenue for the quarter came in at $17.42 billion versus the consensus estimate of $17.35 billion.

"Our top priority in the third quarter was positioning Lowe\'s for long-term success by identifying underperforming or non-core businesses and stores for divestiture," commented Marvin R. Ellison, Lowe\'s president and CEO. "With our strategic reassessment substantially completed, we can now intensify our focus on the core retail business.

GUIDANCE:

Lowe's Cos. sees FY2018 EPS of $5.08-$5.13, versus the consensus of $5.15.

For earnings history and earnings-related data on Lowe's Cos. (LOW) click here.

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