Lowe's tops earnings, revenue estimates
Lowe's Companies, Inc. reported third-quarter earnings that surpassed analyst expectations, but its stock slipped 1.8% despite the company raising its full-year...
Lowe's Companies, Inc. reported third-quarter earnings that surpassed analyst expectations, but its stock slipped 1.8% despite the company raising its full-year...
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Lowe's (LOW) reported third quarter earnings beating Wall Street estimates on both revenue and profits. Despite the home improvement retailer raising its 2024 outlook, shares fell by as much as 4% this morning.Yahoo Finance Senior Reporter Brooke DiPalma joins Morning Brief co-hosts Seana Smith and Brad Smith to break down the results.While Lowe's faces affordability challenges due to inflation and higher mortgage rates, DiPalma notes the company is optimistic about a market recovery.To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Cindy Mizaku.