Lowe’s Earnings Beat but Revenue Disappoints Amid Dwindling DIY Demand
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Lowe’s beat expectations for fourth-quarter earnings but missed on revenue.
The company reported adjusted earnings of $2.28 a share, more than the $2.21 expected by analysts. It had $22.4 billion in sales, compared with expectations of $22.7 billion in sales, according to FactSet.
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