Lowe's Cos. (LOW) Tops Q1 EPS by 21c; Lowers FY Outlook
Lowe's Cos. (NYSE: LOW) reported Q1 EPS of $3.67, $0.21 better than the analyst estimate of $3.46. Revenue for the quarter came in at $22.3 billion versus the consensus estimate of $21.66 billion.
GUIDANCE:
Lowe's Cos. sees FY2024 EPS of $13.20-$13.60, versus prior of $13.60-$14 and the consensus of $13.60. Lowe's Cos. sees FY2024 revenue of $87-89 billion, versus prior of $88-$90 billion and the consensus of $88.45 billion.
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