Lowe's Q3 Results Show 25.8% YOY Increase in Earnings

Mooresville, NC, November 18, 2015—Lowe's Companies has reported net earnings of $736 million for the quarter ended October 30, a 25.8% increase over the same period a year ago. Diluted earnings per share increased 35.6% to $0.80 from $0.59 in the third quarter of 2014.

For the nine months ended October 30, net earnings increased 12.8% from the same period a year ago to $2.5 billion, and diluted earnings per share increased 20.5% to $2.70.

Sales for the third quarter increased 5.0% to $14.4 billion from $13.7 billion in the third quarter of 2014, and comparable sales increased 4.6%.

For the nine-month period, sales were $45.8 billion, a 4.9% increase over the same period a year ago, and comparable sales increased 4.6%.