LOW News

Lowe's Companies, Inc. (NYSE: LOW) reported Q4 earnings above expectations with adjusted EPS of $1.93 and sales of $18.553 billion. The company remains confident in the home improvement industry and plans to return $6.5 billion to shareholders for fiscal 2024. LOW stock is trading 3.64% higher premarket.

Lowe's offers an annual dividend yield of 1.92%. To earn $500 monthly, start with the yearly target of $6,000 ($500 x 12 months).

Lowe's Q3 earnings beat expectations, but shares decline as DIY softness impacts comparable sales; company raises FY24 outlook.

Lowe's Companies shares rose after reporting better-than-expected Q1 FY24 earnings. Sales declined 4.4% year-on-year to $21.364 billion, surpassing estimates. EPS of $3.06 beat the expected $2.94. Despite a drop in DIY discretionary spending, positive sales in Pro and online sectors helped. Lowe's still projects FY24 revenue of $84-$85 billion and EPS of $12.00-$12.30.

Lowe's Companies, Inc (NYSE: LOW) to release Q1 earnings before opening bell on Tuesday. Analysts expect $2.93 per share, down from $3.67 last year.

Lowe's Companies's (NYSE:LOW) short percent of float has fallen 12.87% since its last report. The company recently reported that it has 11.09 million shares sold short, which is 1.76% of all regular shares that are available for trading.