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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lowes Companies Inc | NYSE:LOW | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 227.99 | 5 | 11:12:09 |
From May 2019 to May 2024
By Kimberly Chin
Lowe's Cos. (LOW) lowered its earnings targets for the year as the company works through some operational challenges, such as managing costs, transitioning its merchandising, and dealing with ineffective pricing tools and processes.
Lowe's cut its full-year earnings guidance to between $5.54 and $5.74 a share, down from its previous forecast of $6.00 to $6.10 a share.
The company now projects adjusted earnings of $5.45 to $5.65 a share, compared with its previous guidance of $6.00 to $6.10 a share.
Shares of the home-improvement retailer fell 9.5% in premarket trading.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
May 22, 2019 07:06 ET (11:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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