Lowe's Cos. (LOW) Reports In-Line Q4 EPS, Sales Beat
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Lowe's Reports Fourth Quarter Sales and Earnings Results
February 24, 2016 6:00 AM ESTMOORESVILLE, N.C., Feb. 24, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $11 million and diluted earnings share of $0.01 for the quarter ended January 29, 2016, which includes a non-cash impairment charge of $530 million related to the Company's decision to exit its joint venture in Australia. Excluding the impact of this charge, adjusted net earnings1 for the fourth quarter were $541 million, a 20.2 percent increase over the same period a year ago, and adjusted diluted earnings per share1 increased 28.3 percent to $0.59 from $0.46 in the fourth quarter of... More
