The home improvement retailer reported $4.40 EPS, beating expectations, while revenue of $25.96B missed by $150M.
Lowe’s posted second-quarter non-GAAP earnings per share of $4.40, exceeding estimates by $0.18. Revenue reached $25.96 billion, up 8.3% year-over-year but $150 million below projections.
Comparable sales rose 0.2%, supported by growth in Pro and home services segments, along with a 15.7% increase in another key category. The prior-year quarter saw weaker demand amid broader economic uncertainty.
Shares showed limited reaction in after-hours trading as investors weighed the earnings beat against the revenue miss.