A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021.
David Paul Morris | Bloomberg | Getty Images
Lowe’s said Wednesday that sales rose 5% and surpassed Wall Street’s estimates in the fiscal fourth quarter, as Americans bought, fixed up and renovated homes in a tight real estate market.
Shares rose more than 2% in premarket trading.
Here’s what the company reported for the quarter ended Jan. 28 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.78 vs. $1.71 expected
- Revenue: $21.34 billion vs. $20.90 billion expected
Lowe’s net income rose to $1.21 billion, or…