Lowe's Guides FY23 Earnings In Line With Estimates - Update

Lowe's Q2 Profit Tops View, Cuts FY24 Outlook Below Market

Home improvement major Lowe's Companies, Inc. on Tuesday trimmed its fiscal 2024 earnings and sales outlook below market estimates after reporting weak results in its second quarter. However, the quarterly earnings per share beat the Street view. The company attributed lower-than-expected DIY sales and a pressured macroeconomic environment for the downward revision in annual forecast.

RTTNews | 127 days ago

Lowe's Q1 Earnings Down, But Beat Market; Backs FY24 View; Stock Up

Home improvement major Lowe's Companies, Inc. on Tuesday maintained its fiscal 2024 earnings and sales outlook after reporting weak results in its first quarter. However, the quarterly earnings per share were above market estimates. In pre-market activity on the NYSE, Lowe's shares were gaining around 3.1 percent...

RTTNews | 218 days ago

Lowe's To Carry Toro Product Lineup Under Strategic Retail Partnership Deal

The Toro Co. (TTC) and Lowe's Cos., Inc. (LOW) announced Thursday a strategic retail partnership through which Lowe's will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories.

RTTNews | 475 days ago

Gree Recalls 1.56 Mln Dehumidifiers Due To Fire And Burn Risks

Gree Electric Appliances, Inc. is recalling 1.56 million dehumidifiers after reports of at least 23 fires, the U.S. Consumer Product Safety Commission announced. According to the agency, the dehumidifiers can overheat, smoke, and catch fire, posing fire and burn hazards to consumers. There were reports of at least 23 fires, 688 incidents of overheating, and $168,000 in property damage...

RTTNews | 496 days ago

Lowe's, BJ's Wholesale, DICK's Sporting Report Q1 Profits

Retailers Lowe's Cos. Inc. (LOW), BJ's Wholesale Club Holdings Inc. (BJ) and DICK'S Sporting Goods, Inc. (DKS) reported profits for the fourth quarter, with Lowe's and DICK'S Sporting topping estimates, while BJ's met it. DICK'S Sporting and BJ's also reaffirmed their respective guidance for the full-year 2023, while Lowe's trimmed it.

RTTNews | 582 days ago

Lowe's Authorizes New $15 Bln Share Repurchase; Affirms FY22 Outlook

Ahead of its 2022 Analyst and Investor Conference in New York City on Wednesday, home improvement company Lowe's Companies, Inc. (LOW) the board of directors has authorized a new $15 billion common stock repurchase program.

RTTNews | 749 days ago

Lowe's, TJX Q2 Revenues Miss Estimates, But Target Revenues Met It

Home improvement retailer Lowe's Cos., Inc. reported Wednesday an increase in earnings per share for the second quarter that also topped analysts' estimates. However, quarterly sales edged down and missed expectations. The company also reaffirmed its guidance range for the full-year 2022.

RTTNews | 861 days ago

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

RTTNews | 12h 31min ago

EURUSD	1.041	GBPUSD	1.18847	AUDUSD	0.623
USDJPY	157.17	USDCAD	1.4327	USDCHF	0.8848