Business

Lowe’s Earnings (LOW) Q2 2022

A customer pushes a cart towards a Lowe’s store in Concord, California, on Tuesday, February 23, 2021.

David Paul Morris | Bloomberg | beautiful pictures

Lowe’s on Wednesday reported second-quarter earnings that beat analysts’ expectations, despite falling revenue.

The company said sales to do-it-yourself customers were hit by a shortening spring and lower demand for some discretionary items. That was partially offset by an increase in sales to professionals.

Results come after Home Depot on Tuesdayeported earnings better than expected and revenue for the second quarter, and according to its forecast.

Here’s what the company reported versus what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $4.67 cents, adjusted, vs $4.58 expected
  • Revenue: $27.48 billion vs. $28.12 billion expected

This is breaking news. Please check back for updates.

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