💨 Abstract

Lowe's reported a strong fiscal first-quarter, with net income of $1.64 billion, or $2.92 per share, surpassing analysts' expectations. Revenue for the quarter reached $20.93 billion, also exceeding forecasts. The home improvement retailer anticipates full-year earnings between $12.15 and $12.40 per share and annual revenue of $83.5 billion to $84.5 billion.

Courtesy: WTOP Staff