Lowe’s Exceeds Wall Street Estimates, Forecasts Modest Growth As Investors Watch for Market Recovery Signals

Lowe’s topped Wall Street expectations for fiscal fourth-quarter earnings and revenue and provided a modestly optimistic sales outlook for the year. The home improvement company projects slight revenue growth, stable to modestly increasing comparable sales, and earnings per share within a set range for the upcoming fiscal year. Investors are watching for a home improvement market rebound as slow housing turnover and high borrowing costs limit customer activity.