Company Earnings Update 3 minutesRegister for Free AccessLowe’s (LOW) 2Q17 Results: Misses on EPS and Revenue, Sees Strong Comp Momentum Coresight Research August 24, 2017 Executive Summary Lowe’s reported 2Q17 adjusted EPS of $1.57, up from $1.37 in the year-ago period and missing the $1.62 consensus estimate. The company reported revenue of $19.50 billion, which was below the $19.55 billion consensus estimate but up 6.8% from the year-ago quarter. Comps were up 4.5% year over year, driven by improved transaction growth of 0.9% and a 3.6% increase in average ticket. The US home improvement business was up 4.6%, with positive comps reported in 13 out of 14 regions in all product categories. The company lowered its FY17 EPS guidance again, and now expects EPS of $4.20–$4.30 versus prior guidance of $4.30 and the consensus estimate of $4.62. The company reaffirmed its FY17 revenue guidance of a 5% increase. Lowe’s expects full-year comp growth of 3.5% versus the 3.3% consensus estimate. 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: Avoidance Stabilizes: China Consumer TrackerRetail Media: (Almost) Everything We Heard at Shoptalk Europe 2024Is the Future of Security Locked in Technology?: Insights Presented at NRF Protect 2023August 2023 Monthly Consumer Update: US, UK and China