Boston, MA 05/23/2014 (wallstreetpr) – Lowe’s Companies, Inc. (NYSE:LOW) is a leading home improvement firm and well known name in the US retail sector. Despite negative global conditions in the retail sector, the company has been able to put excellent returns over the last few quarters.
Details of financial results:
The Q1 2014 revenues of Lowe’s Companies, Inc. (NYSE:LOW) were $13.4 billion. If you have a glance on the last year’s revenues, you will come to know that the company has progressed gradually over the last 12 months. The Q1 2013 revenues of the company were $13.09 billion.
The net earnings of the company in the first quarter were $624 million. If taken into consideration the EPS, one can see that per share basis earnings of the company were 61 cents in the Q1. Please note that the company made net earnings of $540 million in the Q1 off year 2013. The per share based earnings of the company were 49 cents per share.
Please note that the market experts forecasted net earnings per share figure of 60 cents, which LOW beat easily. But at the same time, the company fell short of revenue expectations. Market experts forecasted revenues of $13.86 billion in the Q1 of the current year.
The sales of the LOW grew just at a rate of 0.9% for the first quarter. The experts forecasted it to be higher. The main reason behind the poor performance of Lowe’s Companies, Inc. (NYSE:LOW) in terms of revenues and sales growth could be the fluctuating conditions in the real estate market. But even after adverse market conditions, Low managed to distribute a dividend of 15 cents to all the shareholders. Please note that company’s stocks fell by 0.26% in post announcement trading.
As the market conditions continue to improve, all the shareholders can hope for a better quarter with higher revenues and dividend figures. The picture will be clear in a couple of months’ time.
