Lowe’s (LOW) seems to be slowly building momentum to kick-start 2025. The home improvement retailer beat Wall Street’s estimates for the fourth quarter. On Wednesday before the market open, Lowe’s reported Q4 revenue of $18.6 billion, higher than the $18.3 billion the Street expected, and adjusted earnings per share of $1.93, above the Street’s estimates of $1.84.
“Lowe’s should remain a long-term share gainer and benefit from its Total Home strategy, strengthening merchandising and space productivity, leveraging technology, broadening the omnichannel model, and expanding the Pro business,” Joe Feldman of Telsey Advisory Group wrote in a note to clients.
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