Lowe's Cos. (LOW) Tops Q3 EPS by 19c, Beats on Revenue; Offers FY23 Guidance
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LOWE'S REPORTS THIRD QUARTER 2022 SALES AND EARNINGS RESULTS
November 16, 2022 6:00 AM ESTU.S. Comparable Sales Increased 3.0% Third Quarter Diluted EPS of $0.25; Adjusted Diluted EPS1 of $3.27 Raises Full Year 2022 Outlook
MOORESVILLE, N.C., Nov. 16, 2022 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $154 million and diluted earnings per share (EPS) of $0.25 for the quarter ended Oct. 28, 2022, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its Canadian retail business, compared to diluted EPS of $2.73 in the third quarter of 2021. Excluding the impairment charge, third quarter adjusted diluted EPS1Â increased 19.8% to $3.27 compared to the prior year.
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