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Lowe’s beat analysts’ expectations for fiscal third-quarter earnings on Wednesday, as the company got a bump in business from home professionals and online sales.
The home improvement retailer raised its forecast, saying it anticipates $95 billion in sales. It had previously predicted revenue of $92 billion.
The company’s shares were up more than 1% Wednesday afternoon and touched a 52-week high of $255.22 earlier in the day.
Here’s what the company reported for the fiscal third quarter ended Oct. 29 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $2.73 vs. $2.36 expected
- Revenue: $22.92 billion vs. $22.06 billion expected
Lowe’s…
Source cnbc.com
