Shares of Lowe's Companies LOW, +1.74% tumbled 10% in premarket trade Wednesday, after the home improvement retailer missed fiscal first-quarter profit expectations and slashed its full-year outlook. Net income for the quarter to May 3 rose to $1.05 billion, or $1.31 a share, from $988 million, or $1.19 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.22, below the FactSet consensus of $1.33. Net sales rose to $17.74 billion from $17.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kohl's cuts profit forecast after weak first quarter, shares fall 10%Kohl's Corp slashed full-year profit forecast after the department store op... Well fuck But, but, but ... they just partnered with Amazon ... but the good news is that if Kohl's fails, Amazon already has a foot in the door to take over Well. Trump is doing everything he can to hurt our economy. Tariffs and yes getting rid of Immagrants hurt the economy.
Source: Reuters - 🏆 2. / 97 Read more »
Washington's Huawei reprieve triggers relief rally in bruised EU chip stocksShares in European semiconductor companies, one of the most sensitive sectors to... Europe, Canada & other countries should now go to China & look for investments to get access to a Huge Market before the US takes its Tariffs off China. This would show Trump & Republican Senators that the world can revolve around the US. Just ask the US farmers going Bankrupt.
Source: Reuters - 🏆 2. / 97 Read more »
Wall St. rises as Huawei reprieve boosts tech sharesShares of technology companies helped lift Wall Street on Tuesday after the Unit... TV Another tRump diversion
Source: Reuters - 🏆 2. / 97 Read more »
Trade uncertainty darkens U.S. small caps outlookShares of smaller publicly listed U.S. companies have fallen more on recent U.S....
Source: Reuters - 🏆 2. / 97 Read more »
China rare earth firms' stocks soar on trade war speculationShares in rare earth-related companies in China soared on Tuesday, a day after C... Will their sales increase in the event of a trade war Are you making this up Flags on the moon, Operating systems without US back doors, now rare earth. Poor Trump must be tweeting his lttle heart out trying to keep up So how many shares in these companies does Trump own as he plays with the stock market. Trump refuse to divest he refuses to release his finances. Trump has received fines from the SEC in the past for using the media and lies to increase stock prices of shares he owned then sell
Source: Reuters - 🏆 2. / 97 Read more »
Rare earth firms' stocks soar on U.S.-China trade war speculationShares in rare earth-related companies soared on Tuesday, led by jumps in Chines... Avalon Advanced Materials AVL up 111%
Source: Reuters - 🏆 2. / 97 Read more »
Lowe: What happened at the wildest NBA lottery ever seenA lucky tie just won its FOURTH lottery?!? More from ZachLowe_NBA behind the scenes in the drawing room: ZachLowe_NBA 😎😍😍 ZachLowe_NBA ZachLowe_NBA I almost wish it was rigged now instead of burying Zion with the Pelicans just like AD was!
Source: espn - 🏆 731. / 51 Read more »
Oregon school coach, former football star Keanon Lowe tackles armed student, witnesses sayA high school coach and former college football star is being hailed for helping to avert a potential tragedy by tackling a student wielding a shotgun at a high school in Portland, Oregon. So brave.
Source: NBCNews - 🏆 10. / 86 Read more »
Ex-Oregon football star Keanon Lowe credited with stopping gunman at Portland schoolKeanon Lowe, a former wide receiver for the University of Oregon, was credited Friday with tackling an armed man at Portland's Parkrose High School. Cool, he should be recognized for what he did. USAToday should also mention that this was a suicide attempt and not an attempted mass shooting though. The kid was saved from himself by Lowe and that's commendable.
Source: USATODAY - 🏆 100. / 63 Read more »
'Hero' coach who disarmed alleged gunman at school says he's 'blessed to be alive'The 'hero' football coach who disarmed an alleged gunman at an Oregon high school says he's 'blessed to be alive.' Ducks rule Good guy with guns. (Not firearms). And I’m happy you are alive, too! I send my prayers to Oregon!
Source: ABC - 🏆 471. / 51 Read more »
This Memphis 10-year-old is already an author and CEO. Now she's launching a shoe lineWhen Kinyah Braddock was 6, her father laid out a challenge: He asked her to come up with an idea and launch a business by her 10th birthday. Kinyah did it at 8:
Source: USATODAY - 🏆 100. / 63 Read more »