Lowe's Cos. (LOW) Misses Q1 EPS by 3c; Updates FY17 EPS Below the Street
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Lowe's Reports First Quarter Sales And Earnings Results
May 24, 2017 6:00 AM EDTMOORESVILLE, N.C., May 24, 2017 /PRNewswire/ --Â Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $602 million and diluted earnings per share of $0.70 for the quarter ended May 5, 2017, compared to net earnings of $884 million and diluted earnings per share of $0.98 in the first quarter of 2016.Â
The first quarter results included a $464 million pre-tax loss on extinguishment of debt in connection with the company's previously announced $1.6 billion cash tender offer.Â
Excluding the loss on extinguishment of debt, adjusted diluted... More
