Lowe’s posts Q4 and year-end results

MOORESVILLE, N.C. ― Lowe’s Cos. reported Q4 earnings of $0.94 per share, beating Wall Street estimates of $0.91 per share. That followed a $824 million loss in the comparable period of 2018, when the company revised the value of its Canadian business downward. Revenues reached $16.03 billion, while same-store sales were up 2.5 percent.

For the year, Lowe’s saw net sales increase to $72.15 billion, from $71.31 billion a year earlier.