Lowe’s
earned more than expected in the fourth quarter but fell short in terms of revenue, warning of a slowdown in the home-improvement market and sending the stock tumbling.
The company reported adjusted earnings of $2.28 a share, more than the $2.21 expected by analysts. It had $22.4 billion in sales, compared with expectations of $22.7 billion, according to FactSet.
Source: https://www.barrons.com/articles/lowes-earnings-stock-price-b4356166?siteid=yhoof2&yptr=yahoo