India, Feb. 26 -- Home improvement major Lowe's Companies, Inc. (LOW) on Wednesday issued its forecast for fiscal 2025, projecting earnings and sales below the market. In its fourth quarter, profit increased and beat market estimates, despite weak net sales.
In pre-market activity on the NYSE, Lowe's shares were gaining around 2.7 percent to trade at $249.00.
Marvin Ellison, Lowe's chairman, president and CEO, said, "We remain confident in the long-term strength of the home improvement industry, and we are equally confident in our strategy to capitalize on the expected recovery."
For fiscal 2025, the company projects earnings per share of approximately $12.15 to $12.40, and total sales of $83.5 billion to $84.5 billion.
The Wall Street ...