MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe's Cos. (LOW) on Wednesday reported fiscal fourth-quarter earnings of $1.13 billion.
The Mooresville, North Carolina-based company said it had net income of $1.99 per share. Earnings, adjusted for non-recurring gains, came to $1.93 per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The home improvement retailer posted revenue of $18.55 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $18.35 billion.
Lowe's expects full-year earnings in the range of $12.15 to $12.40 per share, with revenue in the range of $83.5 billion to $84.5 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOW
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