U.S. Stock Movement | Lowe's (LOW.US) Rises Over 5% Pre-Market on Better-Than-Expected Q3 Earnings
Stock News
Nov 19
On Wednesday, Lowe's (LOW.US) shares surged over 5% in pre-market trading, reaching $232.0. The company reported its third-quarter financial results, with revenue at $20.81 billion, largely in line with market expectations of $20.82 billion. Adjusted earnings per share came in at $3.06, surpassing the average analyst estimate of $2.97.
Lowe's also raised its full-year sales forecast to $86 billion, up from the previous guidance range of $84.5 billion to $85.5 billion. The upward revision was attributed to a recent acquisition deal, which contributed to the improved outlook.
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