NORTH WILKESBORO (dpa-AFX) - Lowe's Companies, Inc. (LOW) said, for full
year 2024, the company continues to project: earnings per share of approximately
$12.00 to $12.30; Total sales of $84 billion to $85 billion; and comparable
sales to be down 2 to 3%. Analysts polled by Thomson Reuters expect the company
to report profit per share of $12.19 on revenue of $84.43 billion. Analysts'
estimates typically exclude special items.

First quarter net earnings declined to $1.76 billion from $2.26 billion, a year
ago. Earnings per share was $3.06, compared to $3.77. On average, 28 analysts
polled by Thomson Reuters expected the company to report profit per share of
$2.94, for the quarter.

First quarter total sales were $21.4 billion, compared to $22.3 billion, a year
ago. Comparable sales decreased 4.1% as the decline in DIY big ticket
discretionary spending was partially offset by positive comparable sales in Pro
and online. Analysts on average had estimated $21.12 billion in revenue.

Shares of Lowe's are up 2% in pre-market trade on Tuesday.

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