Investing.com - Lowe’s reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Lowe’s announced earnings per share of $1.77 on revenue of $24.42B. Analysts polled by Investing.com anticipated EPS of $2.59 on revenue of $23.59B.
Lowe’s shares are up 20.09% from the beginning of the year and are trading at $192.75 , down-from-52-week-high.They are outperforming the S&P 500 which is up 9.9% from the start of the year.
Lowe’s follows other major Services sector earnings this month
Lowe’s's report follows an earnings beat by Amazon.com on Thursday, April 29, 2021, who reported EPS of $15.79 on revenue of $108.52B, compared to forecasts EPS of $9.54 on revenue of $104.51B.
Alibaba ADR had missed expectations on Thursday, May 13, 2021 with fourth quarter EPS of $10.32 on revenue of $187.4B, compared to forecast for EPS of $11.16 on revenue of $187.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar