Lowe's Q2 diluted EPS 4.17 usd vs 4.56 -2-
Now sees FY adj EPS 11.70-11.90 usd (Il Sole 24 Ore Radiocor) - New York, 20 Aug - For the full year, Lowe's now expects total sales of 82.7-83.2 billion dollars, against a previous estimate of 84-85 billion dollars Comparable sales are now forecast to be down 3.5-4.0% compared with a previous prediction of a 2-3% drop.
The adjusted operating margin is now seen at 12.4-12.5% against 12.6-12.7% previously.
Adjusted diluted earnings per share are expected to be 11.70-11.90 dollars, down from a prior estimate of 12.00-12.30 dollars Lowe's anticipates full-year capital expenditures of approximately 2 billion dollars.
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(RADIOCOR) 20-08-24 13:25:53 (0285) 5 NNNN