Jefferies Cuts Price Target on Lowe's Cos. (LOW) to $69 Following 3Q
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Lowe's Reports Third Quarter Sales and Earnings Results
November 16, 2016 6:00 AM ESTMOORESVILLE, N.C., Nov. 16, 2016 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $379 million and diluted earnings per share of $0.43 for the quarter ended October 28, 2016, which includes certain non-cash pre-tax charges of $462 million further described below. Excluding the impact of these charges, adjusted net earnings1 for the third quarter were $775 million, a 5.3 percent increase over net earnings from the same period a year ago, and adjusted diluted earnings per share1 increased 10.0 percent to $0.88 from diluted earnings per share of $0.80 in the third quarter of 2015.... More
