Investing.com - Lowe’s reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lowe’s announced earnings per share of $4.67 on revenue of $27.48B. Analysts polled by Investing.com anticipated EPS of $4.59 on revenue of $28.14B.
Lowe’s shares are down 17.16% from the beginning of the year and are trading at $214.12 , down-from-52-week-high.They are under-performing the S&P 500 which is down 9.67% from the start of the year.
Lowe’s follows other major Consumer Discretionary sector earnings this month
Lowe’s's report follows an earnings missed by Amazon.com on Thursday, July 28, 2022, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on Wednesday, July 20, 2022 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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