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Investing.com - Lowe’s (NYSE:LOW) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.04 on revenue of $17.42B. Analysts polled by Investing.com anticipated EPS of $0.98 on revenue of $17.36B. That compared to EPS of $1.05 on revenue of $16.77B in the same period a year earlier. The company had reported EPS of $2.07 on revenue of $20.89B in the previous quarter.
For the year, Lowe’s shares are up 19.22%, outperforming the S&P 500 which is up 0.26% year to date.
Lowe’s follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on November 2, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $52,109M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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