Lowe's (LOW $19.23 -0.28) Reported second quarter earnings of $0.64 per share, and may not compare the Capital IQ Consensus Estimate of $0.66.
Revenues rose 1.3% year/year to $14.54 billion versus the $14.73 billion consensus.
The company issued downside guidance for the third quarter with EPS of $0.30-0.33 versus the $0.34 Capital IQ Consensus Estimate and revenues of +2% year over year calculating to approximately $11.82 billion versus the $11.94 billion Capital IQ Consensus Estimate.
The company issued downside guidance for fiscal year 2012 with EPS of $1.48-1.52 versus the $1.62 Capital IQ Consensus Estimate and revenues of +2% year over year calculating to approximately $49.80 billion versus the $50.32 billion Capital IQ Consensus Estimate. For the third quarter the company expects comparable store sales to be approximately flat. For the fiscal year the company expects total sales to increase approximately 2%.






