Lowe's First-Quarter Earnings Beat Estimates, Shares Fall on Mixed Sales Outlook
Lowe's Companies Inc. presented a mixed outlook on the current economic environment on May 21, after
Just one day after Atlanta-based rival Home Depot informed Wall Street analysts that it is still seeing an increase in customer visits amid trade concerns and declining consumer confidence, Lowe's CEO Marvin Ellison acknowledged that the company's first-quarter results represented a 'mixed financial picture' as the retailer faces near-term economic uncertainty due to tariffs and challenges in the housing market.
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