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Lowe’s (LOW) 4Q17 Results: Misses and Guides Below Consensus on EPS

Executive Summary

  • Lowe’s reported 4Q17 adjusted EPS of $0.74, below the $0.86 year-ago figure and missing the $0.87 consensus estimate. Net sales were $15.49 billion, down 1.8% year over year but above the $15.35 billion consensus estimate.
  • Comps increased by 4.1%, ahead of the 3.1% consensus estimate.
  • The company guided for FY18 revenues to increase by 4%, slightly above the consensus estimate, and for EPS of $5.40–$5.50, below the $5.87 consensus estimate.

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