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A Lowe’s Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas.
Brandon Bell | Getty Images News | Getty Images
Lowe’s on Wednesday reported fiscal fourth-quarter sales that fell short of Wall Street’s expectations, while also issuing a conservative outlook for the current year as it prepares for a “more cautious consumer.”
Here’s how the retailer did compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:
- Earnings per share: $2.28 adjusted, vs. $2.21 expected
- Revenue: $22.45 billion vs. $22.69 billion expected
Shares fell more than 5% Wednesday.
The company’s reported net income for the three-month period…
Source cnbc.com
