Investing.com - Lowe’s reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Lowe’s announced earnings per share of $3.27 on revenue of $23.5B. Analysts polled by Investing.com anticipated EPS of $3.08 on revenue of $23.12B.
Lowe’s shares are down 19.2% from the beginning of the year and are trading at $208.84 , down-from-52-week-high.
Lowe’s follows other major Consumer Discretionary sector earnings this month
Lowe’s's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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