Lowe's reported second-quarter revenues of $25.96 billion, up 8.3% year on year, in line with analysts' expectations, but its full-year EPS guidance missed estimates. The home improvement retailer, one of 6 home furnishing and improvement retail stocks tracked, posted the fastest revenue growth in the group yet the weakest performance against analyst estimates and the weakest full-year guidance update among its peers. "Sustained growth in Pro, Online and Home Services led to our fifth consecutive quarter of positive comp sales, despite pressure in discretionary DIY spending," said Marvin R. Ellison, Lowe's chairman, president and CEO. Lowe's stock is down 11% since reporting and currently trades at $191.98. Across the group, revenues beat analysts' consensus estimates by 1.6% while next quarter's revenue guidance came in 2.6% below, and share prices have fallen an average of 6.5% since the latest earnings results.
Lowe's Companies IncLowe's full-year EPS guidance missed estimates and shares fell 11% since reporting.
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