Lowe’s reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.15 on revenue of $20.99B. Analysts polled by forecast EPS of $2.01 on revenue of $20.95B. That compared to EPS of $2.07 on revenue of $20.89B in the same period a year earlier. The company had reported EPS of $1.22 on revenue of $17.74B in the previous quarter.
Lowe’s follows other major Services sector earnings this month
On July 25, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Alibaba ADR earnings beat analysts' expectations on August 15, with first quarter EPS of $12.55 on revenue of $114.92B. analysts expected EPS of $10.3 on revenue of $111.83B
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