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BRIEF-Lowe's Companies Inc Raises Full Year 2022 Outlook

Reuters · 11/16/2022 06:03
BRIEF-Lowe's Companies Inc Raises Full Year 2022 Outlook

- Lowe's Companies Inc LOW.N:

  • LOWE'S REPORTS THIRD QUARTER 2022 SALES AND EARNINGS RESULTS

  • Q3 SALES $23.5 BILLION

  • Q3 EARNINGS PER SHARE $0.25

  • Q3 ADJUSTED EARNINGS PER SHARE $3.27

  • RAISES FULL YEAR 2022 OUTLOOK

  • SEES FY TOTAL SALES OF APPROXIMATELY $97 - $98 BILLION, INCLUDING 53RD WEEK

  • FY COMPARABLE SALES EXPECTED TO BE FLAT TO DOWN -1% AS COMPARED TO PRIOR YEAR

  • RAISES FULL YEAR 2022 OUTLOOK

  • SEES FY ADJUSTED DILUTED EARNINGS PER SHARE OF $13.65 TO $13.80

  • Q3 EARNINGS PER SHARE VIEW $3.10, REVENUE VIEW $23.13 BILLION -- REFINITIV IBES DATA

  • FY2023 EARNINGS PER SHARE VIEW $13.54, REVENUE VIEW $96.97 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:

Further company coverage: LOW.N


((Reuters.Briefs@thomsonreuters.com;))