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Lowes Cos. (LOW) Tops Q2 EPS by 1c; Guides Roughly In-Line

August 15, 2011 6:31 AM
Lowes Cos. (NYSE: LOW) reported Q2 EPS of $0.68, ex-items, $0.01 better than the analyst estimate of $0.67. Revenue for the quarter came in at $14.54 billion versus the consensus estimate of $14.78 billion.

Lowes Cos. sees Q3 2011 EPS of $0.31-$0.35, ex-items, versus the consensus of $0.35. Total sales are expected to increase approximately 2 percent.

Lowes Cos. sees FY2011 EPS of $1.54-$1.60, ex-items, versus the consensus of $1.62.Total sales are expected to increase approximately 2 percent.

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