Investing.com - Lowe’s (NYSE:LOW) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.8 on revenue of $15.65B. Analysts polled by Investing.com forecast EPS of $0.79 on revenue of $15.75B. That compared to EPS of $0.74 on revenue of $15.49B in the same period a year earlier. The company had reported EPS of $1.04 on revenue of $17.42B in the previous quarter.
For the year, Lowe’s shares are up 13.72%, outperforming the S&P 500 which is up 12.8% year to date.
Lowe’s follows other major Services sector earnings this month
On Thursday, January 31, 2019, Amazon.com reported fourth quarter EPS of $6.04 on revenue of $72.38B, compared to forecasts of EPS of $5.65 on revenue of $71.88B.
Alibaba earnings beat analyst's expectations on Wednesday, January 30, 2019, with third quarter EPS of $12.19 on revenue of $117.28B. Investing.com analysts expected EPS of $11.45 on revenue of $119.03B
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