admin May 23, 2018
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Lowe’s, which named a brand new CEO this week, is reporting vulnerable benefit and income numbers for its first quarter.

The Mooresville, North Carolina, corporate stated Wednesday that earnings have been $988 million, or $1.19 in step with proportion.

That is three cents shy of Wall Boulevard expectancies, consistent with a survey via Zacks Funding Analysis.

Earnings of $17.36 billion additionally overlooked the mark.

Lowe’s expects full-year income to be $five.40 to $five.50 in step with proportion.

Stocks of Lowe’s Cos., that have fallen eight p.c this yr, are down greater than four p.c earlier than the outlet bell.

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This tale used to be generated via Computerized Insights (http://automatedinsights.com/ap) the usage of information from Zacks Funding Analysis. Get entry to a Zacks inventory record on LOW at https://www.zacks.com/ap/LOW



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