Lowe's Cos. (LOW) Misses Q3 EPS by 1c, Revenues Beat; Offers 4Q EPS Mid-Point Guidance Below Consensus
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Lowe's Reports Third Quarter 2020 Sales And Earnings Results
November 18, 2020 6:00 AM ESTMOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment of debt in connection with the company's third quarter $3.0 billion cash tender offer, compared to net earnings of $1.0 billion and diluted EPS of $1.36 in the third quarter of 2019. Excluding these charges, third quarter adjusted diluted EPS increased 40 percent to $1.98 from adjusted diluted EPS of $1.41 in the third quarter of 20191.
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