Lowe’s: Fiscal Q4 earnings snapshot

MOORESVILLE, N.C. — Lowe’s Cos. today reported fiscal fourth-quarter earnings of $1.21 billion.

The company said it had profit of $1.78 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.72 per share.

The home improvement retailer posted revenue of $21.34 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $20.82 billion.

Lowe’s expects full-year earnings to be $13.10 to $13.60 per share, with revenue in the range of $97 billion to $99 billion.