Company Earnings Update 3 minutesRegister for Free AccessLowe’s Companies, Inc. (NYSE: LOW) 2Q19 Results: Revenues and Comps Beat Consensus Estimates; Guidance Reaffirmed Coresight Research August 22, 2019 Executive Summary Lowe’s reported 2Q19 adjusted EPS of $2.15, up 3.9% and comfortably beating the $2.00 consensus estimate. Revenues were $20.99 billion, up 0.5% and ahead of the $20.93 billion consensus. Comps were 2.3%, beating the 1.7% consensus estimate. Gross margin contracted to 32.1% in 2Q19, compared to 33.0% in 2Q18. The company provided guidance for 2019, predicting revenue growth of around 2%, in line with the 1.7% consensus estimate, comps growth of approximately 3% and adjusted EPS of $5.45-5.65, in line with the consensus of $5.61. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: ChatGPT and Generative AI: Five Things Retailers Should KnowWeinswig’s Weekly: On Our Groundbreaking NextGen Commerce ConferenceHead-to-Head in Global Household Care: The Clorox Company vs. Reckitt BenckiserRevisiting Dubai Retail: New Developments Paint a Promising Scene in Dubai and the Persian Gulf Region