Lowe’s Posts Mixed Results for 4th Quarter

Lowe’s (NYSE:LOW) released its fourth-quarter results on Feb. 26 before the market opened. The company’s earnings beat expectations as a result of the continuous cost-sutting measures, coupled with better customer traffic at physical stores. Revenue, however, did not live up to expectations.

Snapshot of the quarter

The home improvement retailer posted adjusted earnings of 94 cents per share versus the antipated 91 cents per share. Revenue of $16.03 billion fell short of expectations of $16.15 billion.

Comparable store sales were up 2.5% in the reported quarter, which was below the projected growth of 3.6%.

Reflecting on the company’s performace, the

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10 Stocks to Buy in the Second Quarter

Analysts are bullish on these companies.

A lot can happen in the stock market in one quarter. In fact, the S&P 500 just finished its worst first quarter of all time, dropping more than 20% to open 2020. But as brutal as things have been for investors this year, it just takes one quarter to turn things completely around. The Bank of America analyst team recently selected its top 10 stocks to buy in the second quarter. These 10 stocks are specifically chosen because they are high-conviction ideas with specific bullish catalysts coming within the next three months.

Ameren Corp.

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