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Lowe’s (LOW) Q4 2021 earnings beat

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On Tuesday, February 23, 2021, a customer pushes his shopping cart toward the Lowe’s Concord store.

Getty Images| Bloomberg | Getty Images

Lowe’sWall Street forecasts sales to rise 5% in fiscal fourth quarter. The increase was due to the fact that Americans purchased, renovated and fixed up their homes in an extremely tight market.

In premarket trading, shares rose by over 2%

Based on an analysis of Refinitiv analysts, here’s the report the company made for the quarter ending Jan. 28, compared to what Wall Street expected.

  • Earnings per share: $1.78 vs. $1.71 expected
  • Revenues: $21.34 Billion vs. expected $20.90 Billion

Lowe’s income increased to $1.21billion or $1.78 per share from $1.32/share a year prior. Refinitiv analysts expected the results to be higher than $1.71.

The sales grew to $21.34billion from $20.31billion last year, surpassing analysts’ estimates of $20.90billion.

Lowe shares have increased 27% in the last 12 months as of Tuesday’s closing. Lowe’s market capitalization has risen to $144.58billion with Tuesday’s close of shares at $214.59

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