-=Lowe's (LOW) reported earnings on Wed 22 May 2019 (b/o)

Lowe's misses by $0.11, reports revs in-line; lowers full year EPS guidance, reaffirms full year revs and comp guidance

• Reports Q1 (Apr) adjusted earnings of $1.22 per share, $0.11 worse than the S&P Capital IQ Consensus of $1.33; revenues rose 2.2% year/year to $17.74 bln vs the $17.65 bln S&P Capital IQ Consensus.
  • Same store comps were +3.5%; US Comps were +4.2%.
• Co issues guidance for FY19, sees adjusted EPS of $5.45-5.65 vs. $6.05 S&P Capital IQ Consensus, and down from prior guidance of $6.00-6.10; reaffirms FY19 revenue guidance growth of 2%, which we compute as  approx $72.7 bln vs. $72.46 bln S&P Capital IQ Consensus.
  • Co reaffirms full year comp guidance at approx +3%.