MOORESVILLE, N.C. (AP) — MOORESVILLE, N.C. (AP) — Lowe's Cos. (LOW) on Tuesday reported fiscal third-quarter net income of $1.77 billion.
The Mooresville, North Carolina-based company said it had profit of $3.06 per share.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $3.05 per share.
The home improvement retailer posted revenue of $20.47 billion in the period, falling short of Street forecasts. Twelve analysts surveyed by Zacks expected $20.97 billion.
Lowe's expects full-year earnings in the range of $13.20 to $13.60 per share, with revenue in the range of $87 billion to $89 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOW at https://www.zacks.com/ap/LOW