Lowe’s Drops on Dwindling Sales for Q3, Reduced Guidance: We Still See Reasons to BUY This Stock

By |2023-12-20T17:08:24+00:00December 20th, 2023|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , |

Lowe’s (LOW) slipped a little over 1% in Wednesday's trading session after delivering disappointing Q3 earnings followed by a reduced guidance for the year ahead. While the home improvement retailer did exceed the earnings expectation with $3.06/share compared to the $3.02/share consensus, a cinch in consumer spending is becoming more and more apparent. The [...]