MOORESVILLE, N.C. (AP) – Lowe’s is reporting second-quarter profit of $1.42 billion, or $1.68 per share.
Earnings, adjusted for non-recurring gains, were $1.57 per share, falling short of Wall Street projections for $1.62 per share, according to a survey of industry analysts by by Zacks Investment Research.
The Mooresville, North Carolina, company posted revenue of $19.5 billion, just short of analyst expectations for $19.52 billion.
Lowe’s Cos. expects full-year earnings to be between $4.20 and $4.30 per share.
Lowe’s shares have increased roughly 7 percent since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOW
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Keywords: Lowe’s, Earnings Report, Priority Earnings