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

Lowe's (LOW) reported Q3 FY2024 earnings of $2.89 per share (versus $3.06 per share in Q3 FY2023), beating analysts’ consensus estimate of $2.82 per share.

The company’s quarterly revenues amounted to $20.170 bln (-1.5% y/y), beating analysts’ consensus estimate of $19.939 bln.

The company also issued raised guidance for FY2024, seeing EPS of $11.80-11.90 versus its prior guidance of $11.70-11.90 and analysts’ consensus estimate of $11.82 and revenues of $83.0-83.5 bln versus its prior guidance of $82.7-83.2 bln and analysts’ consensus estimate of $83.01 bln.

LOW fell to $269.00 (-1.02%) in pre-market trading.