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Wednesday, February 28, 2018

=Lowe's (LOW) reported earnings on Wed 28 Feb 2018 (b/o)

Lowe's misses by $0.13, beats on revs; guides FY19 EPS below consensus, revs in-line 
  • Reports Q4 (Jan) earnings of $0.74 per share, excluding non-recurring items, $0.13 worse than the Capital IQ Consensus of $0.87; revenues fell 1.8% year/year to $15.49 bln vs the $15.34 bln Capital IQ Consensus.
    • Comparable Sales increased 4.1%
  • Co issues guidancefor FY19, sees EPS of $5.40-5.50 vs. $5.87 Capital IQ Consensus Estimate; sees FY19 revs of +4% YoY to ~$71.14 bln vs. $71.3 bln Capital IQ Consensus Estimate.
    • Comparable sales are expected to increase approximately 3.5%.
    • The company expects to add 10 home improvement and hardware stores

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