Jefferies Lowered Price Target on Lowe's Cos. (LOW) Following Q1
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Lowe's Reports First Quarter Sales and Earnings Results
May 20, 2015 6:00 AM EDTMOORESVILLE, N.C., May 20, 2015 /PRNewswire/ --Â Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $673 million for the quarter ended May 1, 2015, a 7.8 percent increase over the same period a year ago. Diluted earnings per share increased 14.8 percent to $0.70 from $0.61 in the first quarter of 2014.
Sales for the first quarter increased 5.4 percent to $14.1 billion from $13.4 billion in the first quarter of 2014, and comparable sales for the quarter increased 5.2 percent. Comparable sales for the U.S. home improvement business increased 5.3... More
