Lowe’s earnings rise, even without Canadian sales

Lowe’s Cos. reported Q4 net income of $1.02 billion, or $1.77 per share, up from $957 million ($1.58) in the comparable period of 2022. When costs related to the sale of the Canadian business are factored out, earnings came to $2.28 per share. Sales declined to $18.6 billion from $22.45 billion in the previous Q4, which was a week longer and also included sales in Canada, but still beat Wall Street estimates of $18.45 billion.