What Lowe's Earnings Mean for Mutual Fund Investors (LOW)

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What Lowe's Earnings Mean for Mutual Fund Investors (LOW)

Shauna O'Brien Nov 19, 2014

Inside Lowe’s Q3 Results

Lowe’s reported third quarter earnings of $585 million, or 59 cents per share, up from $499 million, or 47 cents per share, in the year prior. On average, analysts expected to see earnings of 58 cents per share.

The company reported a 5.6% increase in quarterly revenue to $13.68 billion from $12.96 billion last year. Analysts expected to see revenue of $13.55 billion.

Looking ahead, the company expects to see FY2015 earnings of $2.68 per share, which would exceed analysts’ expectation of $2.63 per share for the year.

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