FILE PHOTO: A Lowe’s retail store is shown in Carlsbad, California, U.S., May 24, 2017. REUTERS/Mike Blake
The company’s same-store sales rose 2.2% in the third quarter ended Nov. 1, below expectations of a 3.1% increase, according to IBES data from Refinitiv.
However, the company raised its 2019 adjusted earnings forecast to $5.63 to $5.70 per share, from prior expectations of$5.45 to $5.65 per share.
Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila