Lowe's beats on earnings and revenue, even as consumers spend less on DIY projects
Publishing timestamp: 2024-05-21 13:51:56
Summary
Lowe's beat earnings and revenue expectations, but sales fell as do-it-yourself customers bought fewer pricey items. The company is sticking to its full-year forecast despite challenges in the housing market and consumer spending.
Sentiment: MIXED
Tickers: LOW, HD, BRK.A, GOOGL,
Keywords: earnings, lowe's companies inc, breaking news: business, business news, business, retail industry, home depot inc, breaking news: earnings,
Source: https://www.cnbc.com/2024/05/21/lowes-low-q1-2024-earnings.html