Lowe’s Earnings Beat Estimates. Why the Stock Is Dropping.


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