Seeking Alpha

Lowe's slips after earnings miss and underwhelming guidance

  • Lowe's (LOW) reports comparable store sales rose 6.2% during Q3 on balanced growth. The mark is solid, but trails Home Depot's comp growth by two full percentage points.
  • Gross margin rate increased 26 bps to 34.58% during the period.
  • The company says it sees total sales growing 9% for FY13 and EPS of $2.15, up from prior guidance of $2.10 but below the consensus street estimate of $2.18. (PR)
  • LOW -3.9% AH.

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Comments (1)
  • jeanewight
    , contributor
    Comments (348) | Send Message
     
    Can't ever please analysts.
    20 Nov 2013, 08:20 AM Reply Like
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