Home Depot cuts sales goal as online push not delivering as expected
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Lowe's Cos. (LOW) Tops Q3 EPS by 6c, Revenues Miss; Offers FY19 EPS Guidance
November 20, 2019 6:03 AM ESTLowe's Cos. (NYSE: LOW) reported Q3 EPS of $1.41, $0.06 better than the analyst estimate of $1.35. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $17.69 billion.
Sales for the third quarter were $17.4 billion and consolidated comparable sales increased 2.2 percent. Comparable sales for the U.S. home improvement business increased 3.0 percent. Analysts had expected a 3.1 percent rise.
"We were pleased with the performance of our U.S. home improvement stores, which reflects a solid macroeconomic backdrop and continued progress in our transformation driven by investments in customer experience, improved merchandise category... More
