Lowe's Q1 Profit Misses Estimates, Comps. Up 0.6%; Affirms FY18 Guidance

Lowe's Companies, Inc. (LOW) reported first-quarter net earnings of $988 million or $1.19 per share compared to $602 million or $0.70 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $1.27 for the quarter. Analysts' estimates typically exclude special items. First-quarter earnings per share increased 15.5 percent from adjusted earnings per share of $1.03, last year.

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