Lowe's shares tumble as earnings fall short, despite robust sales gains

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The results from Lowe's come one day after its larger rival Home Depot reported third-quarter earnings that beat estimates.

Mark Makela | Reuters

"What's next? I think that's what the market is really starting to ask here," Oppenheimer analyst Brian Nagel said. "The market is worried about ... how these companies perform against these very difficult comparisons."Here's how the home improvement company did during its fiscal third quarter compared with what analysts were expecting, based on Refinitiv data:Revenue: $22.31 billion vs. $21.

Sales rose to $22.31 billion from $17.39 billion a year earlier, beating expectations for $21.25 billion.

 

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I’ve seen more people doing home improvements since last March than ever in my life. We only have Lowe’s as an option. YouTube gardens, home improvement, etc. was one of its most watched. This seems very irregular.

Wait until Macy’s tomorrow...

elonmusk instead of just complaining about testing, why don't you invest your billions and help us get more reliable tests?

Who goes into Lowe’s...COVID19 hotspots.

good

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