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home / articles / LOW - Why Home Improvement Retailer Lowe's Shares Are Falling Today | Benzinga

LOW - Why Home Improvement Retailer Lowe's Shares Are Falling Today | Benzinga

Lowe's Companies Inc.

Lowe's Companies Inc (NYSE: LOW) shares dropped after it reported third-quarter FY23 earnings and slashed the guidance.

The company reported a third-quarter FY23 sales decline of 12.8% year-on-year to $20.47 billion, missing the analyst consensus estimate of $20.88 billion.

Comparable sales decreased 7.4% due to a decline in DIY discretionary spending.

EPS of $3.06 Full story available on Benzinga.com
Stock Information
Company Name: Lowe's Companies Inc.
Stock Symbol: LOW
Market: NYSE
Website: lowes.com
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