Lowe's misses earnings estimates, cuts profit margin forecast [Business News Network (BNN) Energy & Resources (Canada)]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=95223&p=irol-irhome
Company Research
Source: Business News Network
Lowe's misses earnings estimates, cuts profit margin forecast U.S. home improvement retailer Lowe's Companies Inc ( LOW.N ) reported lower-than-expected quarterly earnings and slashed its forecast for profit margins, as it spends more on marketing and longer employee shifts to boost sales. Lowe's shares dipped 5.1 per cent to US$71.91 in premarket trading on Wednesday. The company said it now expects operating margin to rise 80 to 100 basis points in the year ending Feb. 2, down from an earlier forecast for a 120-basis-point increase. Lowe's investments to drive sales include "amplifying our consumer messaging and incremental customer-facing hours in our stores," Chief Executive Robert Niblock said in a statement. Mooresville, North Carolina-based Lowe's results contrast with those of larger rival Home Depot Inc ( HD.N ), which reported better-than-expected earnings last week, driven by higher consumer spending on home improvement. Lowe's net income rose to $1.42 billion, or $1.68 per
Show less
Read more
Impact Snapshot
Event Time:
LOW
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LOW alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LOW alerts
High impacting Lowe's Companies, Inc. news events
Weekly update
A roundup of the hottest topics
LOW
News
- Lowe's kicks off partnership with Messi. How the soccer star could help the company [Yahoo! Finance]Yahoo! Finance
- Lowe's Teams Up with Lionel Messi, Inter Miami CF and CONMEBOL Copa América 2024 USA™ to Win Over Soccer Fans [Yahoo! Finance]Yahoo! Finance
- Lowe's Teams Up with Lionel Messi, Inter Miami CF and CONMEBOL Copa América 2024 USA™ to Win Over Soccer FansPR Newswire
- 3 biggest stores in $21M Coast shopping center are ready. Here's when they will open [Yahoo! Finance]Yahoo! Finance
- Lowe's (LOW) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
LOW
Earnings
- 2/27/24 - Beat
LOW
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- 4/18/24 - Form DEF
- LOW's page on the SEC website