Why Lowe's Companies, Inc. Fell on Wednesday
Shares of Lowe's (NYSE: LOW) fell as much as 6.1% on Wednesday, following the home-improvement retailer's second-quarter earnings report. At the time of this writing, the stock is down 5.5%.
Some investors may be taking a pessimistic view toward the stock on Wednesday because both revenue and adjusted earnings per share were lower than analysts were estimating. Lower-than-expected profitability, in particular, may be an investor concern, as the company focused on the "necessary investments to improve the customer experience and drive sales," explained Lowe's CEO Robert Niblock in the company's second-quarter earnings release. This included more aggressive marketing and customer-facing hours in its stores.
Image source: Getty Images.
Source: Fool.com
Lowes Companies Inc. Aktie
Reines Buy-Sentiment für Lowes Companies Inc., keine Sell-Einschätzungen in Sicht.
Ein leicht positives Potenzial wird für Lowes Companies Inc. mit einem Kursziel von 235 € im Vergleich zu 217.05 € gesehen.
