Lowe's Earnings Beat Expectations, But Why Did the Stock Drop 4%?

By Yahoo! Finance   |   1 year ago
Lowe's Earnings Beat Expectations, But Why Did the Stock Drop 4%?

Lowe's Q3 earnings beat expectations, but stock fell 4%. Sales at $20.2B surpassed forecasts, with earnings per share at $2.89. CEO cited inflation and high interest rates as challenges. Home improvement demand remains slow.

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