Lowe's Sees Next Year's Earnings Topping Street Views
December 12 2018 - 12:19PM
Dow Jones News
By Colin Kellaher
Lowe's Cos. (LOW) on Wednesday forecast earnings for the coming
fiscal year that topped Wall Street's estimates.
The Mooresville, N.C., home-improvement retailer said it expects
earnings of $6.00 to $6.10 a share for the fiscal year that ends
Jan. 31, 2020.
Analysts polled by FactSet were expecting an adjusted profit of
$5.93 a share and reported earnings of $5.90 a share.
Lowe's said it expects sales growth of about 2% for the year,
with comparable sales up 3%, roughly in line with analysts
estimates of 3.1%.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 12, 2018 12:04 ET (17:04 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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