Lowe’s (NYSE:LOW) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lowe’s announced earnings per share of $1.77 on revenue of $19.68B. Analysts polled by anticipated EPS of $1.33 on revenue of $18.32B. That with comparison to EPS of $1.22 on revenue of $17.74B in the same period a year before. Lowe’s had reported EPS of $0.94 on revenue of $16.03B in the previous quarter. Analysts are expecting EPS of $2.12 and revenue of $20.92B in the upcoming quarter.
Lowe’s shares are down 2.41% from the beginning of the year , still down 7.78% from its 52 week high of $126.73 set on February 20. They are outperforming the S&P 500 which is down 9.92% year to date.
Lowe’s follows other major Services sector earnings this month
Lowe’s's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
