Lowe's Q1 2024 Earnings Beat Expectations Despite Cooling Housing Market from sp balasubramaniam Watch Video
Preview(s):
Gallery
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:32 👁 View: 905K times ✓ Published: 22-May-2024
Description: Lowe's reported first-quarter 2024 earnings that beat analysts' expectations for both earnings per share and revenue. The company said do-it-yourself customers purchased fewer expensive items, though gains with professional customers and online sales partially offset the trend. Like rival Home Depot, Lowe's is facing pressure from a cooling housing market and inflation, which is impacting discretionary spending. Despite the challenges, Lowe's stock is up nearly 3% year-to-date compared to an 11% gain for the S&P 500 index.
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)