Lowe's misses by $0.02, reports revs in-line; reaffirms FY19 EPS guidance, guides FY19 revs in-line
- Reports Q1 (Apr) earnings of $1.19 per share, $0.02 worse than the Capital IQ Consensus of $1.21; revenues rose 3.0% year/year to $17.36 bln vs the $17.44 bln Capital IQ Consensus.
- Co issues guidance for FY19, sees EPS of $5.40-5.50 vs. $5.45 Capital IQ Consensus Estimate; sees FY19 revs of +5% YoY to ~$71.2 bln vs. $71.22 bln Capital IQ Consensus Estimate.
- Comparable sales are expected to increase approximately 3.5 percent.
- The company expects to add approximately 10 home improvement and hardware stores