{"id":41933,"date":"2013-02-25T12:48:00","date_gmt":"2013-02-25T12:48:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/lowes-beat-q4-estimates-but-outlook-falls-short-of-analysts-forecast-low\/41931\/"},"modified":"2013-02-25T12:48:00","modified_gmt":"2013-02-25T12:48:00","slug":"lowes-beat-q4-estimates-but-outlook-falls-short-of-analysts-forecast-low","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/lowes-beat-q4-estimates-but-outlook-falls-short-of-analysts-forecast-low\/41933\/","title":{"rendered":"Lowe\u2019s Beat Q4 Estimates, but Outlook Falls Short of Analysts\u2019 Forecast (LOW)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=LOW\" target=\"_blank\" rel=\"noopener\">NYSE: LOW<\/a>) handed better than expected fiscal fourth-quarter results as revenue was partially aided by rebuilding efforts after the super storm Sandy; however, the Company\u2019s outlook on the current fiscal year disappointed investors.<\/p>\n<p><span id=\"more-41933\"><\/span><\/p>\n<p>Shares traded almost flat by midday trade.<\/p>\n<p>Lowe\u2019s, which felt the heat on its financials amid rising competition from larger rival Home Depot Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=HD\" target=\"_blank\" rel=\"noopener\">NYSE: HD<\/a>), is in the midst of an overhaul. The Company shuttered poorly performing stores, deferred new stores opening plans, slashed jobs, made its supply-chain more efficient and invested in stores to bring about a makeover and focused more on e-sales business.<\/p>\n<p>In order to boost sales, the Company has also introduced an everyday low prices scheme along with products that are directed at definite geographic markets.<\/p>\n<p>In addition, in order to smoothen customers\u2019 purchase decision, Lowe\u2019s has equipped its store workers with\u00a0Apple\u00a0iPhones to assist shoppers in researching products, test out rivals&#8217; prices and make purchasing decisions.<\/p>\n<p>For the fiscal fourth quarter, the Mooresville, North Carolina-based Company reported adjusted or non-GAAP earnings of 26 cents a share, compared to 29 cents a share, in the year earlier quarter. In the fiscal 2011, the company had a one extra working week.<\/p>\n<p>Revenue during the period fell contracted 5% to $11 billion from $11.63 billion, in the same period of last year.<\/p>\n<p>Analysts polled by Thomson Reuters had most recently forecasted earnings of 23 cents a share on revenue of $10.84 billion.<\/p>\n<p>Same-store-sales, a key measure on retail chain\u2019s performance since it excludes sales results from those stores that were closed or opened less than 12 months ago, rose 1.9% in the fiscal fourth quarter.<\/p>\n<p>Looking ahead at fiscal 2013, the Company expects earnings of $2.05 a share, 5 cents short of what analysts were expecting for, according to a data compiled by Thomson Reuters.<\/p>\n<p>Lowe\u2019s expect sales to climb by about 4% in the fiscal 2013 to $50.52 billion while same-store-sales are expected to rise by 3.5%, year-on-year.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130227052746\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Flowes-beat-q4-estimates-but-outlook-falls-short-of-analysts-forecast-low%2F41933&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130227052746js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-february-26\/42006\">\nMarket Update After Hours February 26<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-higher-on-bernanke-comments-upbeat-economic-data\/41999\">\nStocks End Higher on Bernanke Comments, Upbeat Economic Data<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-gains-against-euro-and-yen-2\/41997\">\nForex Market Update: Dollar Gains Against Euro and Yen<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-higher-after-bernanke-comments-silver-prices-rise-sharply\/41996\">\nGold Prices Settle Higher after Bernanke Comments; Silver Prices Rise Sharply<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-rebound-after-mondays-sell-off-2\/41994\">\nStocks Rebound after Monday\u2019s Sell-Off<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/saks-reports-q4-results-sks\/41992\">\nSaks Reports Q4 Results (SKS)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-dollar-gains-after-economic-data\/41991\">\nForex Market Update: Dollar Gains after Economic Data<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130227052746im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: LOW) handed better than expected fiscal fourth-quarter results as revenue was partially aided by rebuilding efforts after the super [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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