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Benzinga
Benzinga
Business
Avi Kapoor

Lowe's Analysts Boost Their Forecasts After Upbeat Q2 Earnings

Lowe LOW ADG
Lowe's

Lowe’s Companies, Inc. (NYSE:LOW) reported better-than-expected earnings for the second quarter on Wednesday.

Adjusted diluted EPS rose 5.6% to $4.33 from $4.10, topping analyst estimates of $4.24. Quarterly sales reached $23.96 billion, compared with $23.59 billion a year earlier, and came in slightly above Wall Street’s estimate of $23.96 billion. Comparable sales increased 1.1%.

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