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.
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