Seeking Alpha

Lowe's (LOW): Q1 EPS of $0.32 beats by $0.07. Revenue of $11.83B (-1.5%) vs. $11.63B. Comps fell...

Lowe's (LOW): Q1 EPS of $0.32 beats by $0.07. Revenue of $11.83B (-1.5%) vs. $11.63B. Comps fell 6.6%. Sees full-year EPS of $1.13-1.25 vs. $1.11. "The economic pressures on consumers remain intense, and bigger ticket projects continue to be postponed as wary home improvement consumers watch the economic climate and housing market dynamics very closely. But, as spring arrived, we saw relative strength in smaller, outdoor projects," firm says. (PR)
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