Company news: Lowe's (LOW) quarterly results beat analysts’ forecasts

Lowe's (LOW) reported Q1 FY2024 earnings of $3.06 per share (versus $3.67 per share in Q1 FY2023), beating analysts’ consensus estimate of $2.95 per share.

The company’s quarterly revenues amounted to $21.364 bln (-4.4% y/y), beating analysts’ consensus estimate of $21.137 bln.

The company also reaffirmed guidance for FY2024, seeing EPS of $12.00-12.30 versus analysts’ consensus estimate of $12.18 and revenues of $84-85 bln versus analysts’ consensus estimate of $84.42 bln.

LOW rose to $233.03 (+1.68%) in pre-market trading.