Lowe`s Cos., Inc.

NYSE:LOW   3:59:59 PM EDT
155.86
+1.19 (+0.77%)
4:01:45 PM EDT: $154.51 -1.35 (-0.87%)
Other Pre-Announcement

Lowe's Reports Third Quarter 2020 Sales And Earnings Results

Published: 11/18/2020 11:35 GMT
Lowe's Companies Inc (LOW) - Lowe's Reports Third Quarter 2020 Sales and Earnings Results.
Q3 Adjusted Earnings per Share $1.98.
Q3 Earnings per Share $0.91.
Q3 Earnings per Share Estimate $1.99 -- Refinitiv Ibes Data (analyst estimates).
Q3 Sales $22.3 Billion Versus Refinitiv Ibes Estimate of $21.25 Billion.
Qtrly Lowes.com Sales Increased 106%.
Qtrly U.S. Comparable Sales Increased 30.4%.
Sees Q4 2020 Diluted Earnings per Share and Adjusted Diluted Earnings per Share of $1.10 - $1.20.
Qtrly Diluted EPS Includes $1.05 Negative Impact From Extinguishment of Debt.comparable Sales for U.S. Home Improvement Business Increased 30.4 Percent for Q3.
Sees Q4 2020 Total and Comparable Sales Growth of Approximately 15 to 20 Percent.
In Q3, Company Invested $245 Million in Covid-related Support.
Sees Fiscal 2020, Co Expects Capital Expenditures of Approximately $1.7 Billion.