Lowe’s (NYSE:LOW) reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.22 on revenue of $17.74B. Analysts polled by anticipated EPS of $1.33 on revenue of $17.65B. That compared to EPS of $1.19 on revenue of $17.36B in the same period a year earlier. The company had reported EPS of $0.8 on revenue of $15.65B in the previous quarter.
Lowe’s follows other major Services sector earnings this month
On April 25, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.7B.
Alibaba ADR earnings beat analysts' expectations on May 15, with fourth quarter EPS of $8.57 on revenue of $93.5B. analysts expected EPS of $6.56 on revenue of $91.54B
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