Lowe’s Beat Wallstreet expectations

Posted on February 25, 2008 
Filed Under Business, News, Real Estate

Lowes Hardware logo

Lowe’s shares earned an average of 28 cents per diluted share, beating expectations of analysts polled by Thomson Financial, who had forecast that the company would earn 25 cents per share in the latest quarter. Revenue fell short, however, of the analysts’ $10.63 billion expectation pulling in only $10.38 billion.

Of course, many in the media would portray this as a negative thing (ie the Triad Buisness Journal) claiming “Housing woes take toll on Lowe’s.” Well, duh. Did anyone think that Lowe’s would perform better than the same quarter in the previous year? Come on now! How about a little positive spin on the news for a change?

Anyway, good for Lowe’s … one of North Carolina’s largest publically traded companies. Let’s get out there and landscape and remodel this Spring and help them out. :)

Comments

Leave a Reply