Is Lowe's a Buy After It Beat Earnings Estimates?
Lowe's (NYSE: LOW) reported fantastic fiscal first-quarter results on May 19. While overall revenue for the period ending April 30 was nearly $5 billion higher year on year, net profits shot up by a massive 73.6%. The home improvement retailer rode the coattails of the economic stimulus-induced spending boom to another solid quarter.
Still, investors should be aware that, eventually, the home-spending tailwind will subside and Lowe's will likely return to revenue growth rates in the mid-single-digit percentages. So, let's consider what this excellent quarter means in the overall scheme of things for Lowe's stock.
Source Fool.com
