Lowe's Cos. (LOW) Tops Q4 EPS by 7c; Issues Solid Outlook

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Lowe's Reports Fourth Quarter Sales And Earnings Results

March 1, 2017 6:01 AM EST

MOORESVILLE, N.C., March 1, 2017 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $663 million and diluted earnings per share of $0.74 for the quarter ended February 3, 2017 compared to net earnings of $11 million and diluted earnings per share of $0.01 in the fourth quarter of 2015. Excluding certain items described below, adjusted diluted earnings per share1 increased 45.8 percent to $0.86 from adjusted diluted earnings per share1 of $0.59 in the fourth quarter of 2015.

The items referenced above for the fourth quarter consisted of the... More