Lowes' adjusted earnings per share for the fourth quarter exceeded expectations

Lowe's adjusted earnings per share for the fourth quarter were $1.99, estimated at $1.84.
Fourth quarter earnings per share were $2.00, compared to $1.77 in the same period last year.
Fourth quarter net sales were $18.55 billion, a year-on-year decrease of 0.3%, estimated at $18.31 billion.
Same-store sales growth for the fourth quarter was 0.2%, estimated to decline by 1.82%.
Fourth quarter gross profit was $6.10 billion, a year-on-year increase of 1.2%, estimated at $5.99 billion.
Fourth quarter gross margin was 32.9%, compared to 32.4% in the same period last year, estimated at 32.8%.
Fourth quarter operating profit margin was 9.87%, compared to 9.07% in the same period last year, estimated at 9.44%

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