ET MOORESVILLE, N.C., Nov. 18, 2020 /PRNewswire/ -- Lowe's Companies, Inc. today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, 2020, which included a $1.1 billion pre-tax loss on extinguishment of debt in connection with the company's third quarter $3.0 billion cash tender offer, compared to net earnings … Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Property of Vertiv. In the first nine months of 2020, we generated $10.3 billion in free cash flow driven by very strong operating performance. During fiscal 2019, the Company recognized financial impacts from the following discrete item, not contemplated in the Company's Business Outlook for the third quarter of fiscal 2019: During the third quarter of fiscal 2019, the Company began a strategic review of its Canadian operations, and as a result, recognized pre-tax charges of $53 million associated with long-lived asset impairment (Canada restructuring). The home improvement retailer’s third-quarter results, due out on … In conjunction with the Lowe's Companies, Inc. (NYSE: LOW) third quarter 2020 earnings press release, you are invited to listen to its conference call … Analysts surveyed by Refinitiv were expecting earnings per share of $3.71. ET Lowe's Companies, Inc. (LOW Quick Quote LOW - Free Report) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2020 numbers on … November 18, 2020 - 6:00 am. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Press Release Lowe's Companies, Inc. Comparable Sales Increased 30.4% --, -- Diluted EPS of $0.91 which Includes $1.05 Negative Impact from Extinguishment of Debt --, -- Company Invested over $1.1 Billion Year-to-Date to Support Associates, Store Safety and Communities in Response to COVID-19 --, -- Company Provides Fourth Quarter 2020 Financial Outlook --. He says Lowe’s made two decisions that impacted earnings per share by about 35 cents during the third quarter. Lowe's Companies last posted its quarterly earnings data on November 17th, 2020. and triple-digit growth online. If you wish to go to ZacksTrade, click OK. Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $692 million and diluted earnings per share (EPS) of $0.91 for the quarter ended October 30, … TD BANK GROUP • THIRD QUARTER 2020 • EARNINGS NEWS RELEASE Page 2 The U.S. Retail Bank, which excludes the Bank’s investment in TD Ameritrade, contributed $356 million (US$260 million) in earnings, down 64% (65% in U.S dollars) from the same quarter last year, reflecting higher PCL and lower revenue. Fourth Quarter 2020 Financial Outlook (comparisons to fourth quarter 2019). Sales for the third quarter were $22.3 billion compared to $17.4 billion in the third quarter of 2019, and comparable sales increased 30.1 percent. I would also like to thank our outstanding frontline associates for their unwavering commitment to customer service and safety," commented Marvin R. Ellison, Lowe's president and CEO. A conference call to discuss third quarter 2020 operating results is scheduled for today, Wednesday, November 18, at 9:00 am ET. Newsroom Newsroom. "Strong execution enabled us to meet continued broad-based demand, as we delivered over 15% growth in all merchandising departments, over 20% growth across all geographic regions. Earnings Conference Call Third Quarter 2020 Results November 4, 2020 Architects of Continuity™ Confidential. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com.. A conference call for investors and analysts is scheduled for 8 a.m. CT and … Zacks Ranks stocks can, and often do, change throughout the month. SEATTLE--(BUSINESS WIRE)--Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2020.Operating cash flow increased 56% to $55.3 billion for the trailing twelve months, compared with $35.3 billion for the trailing twelve months ended September 30, 2019.; Free cash flow increased to $29.5 billion for the trailing … Zacks Equity Research Lowe's Companies Misses Lowe's Companies (LOW) reported 3rd Quarter October 2020 earnings of $1.98 per share on revenue of $22.3 billion. Our proven model predicts an earnings beat for Lowe’s this time around. Comparable Sales Increased 30.4% — — Diluted EPS of $0.91 which Includes $1.05 Negative Impact from Extinguishment of Debt — — Adjusted Diluted EPS of $1.981 — — Lowes.com Sales Increased 106% — As a result of this review and related actions, in the third quarter of fiscal 2020, the Company recognized $13 million of pre-tax operating costs related to remaining inventory write-downs and other closing costs (Canada restructuring). November 12, 2020, HD Quick QuoteHD FAST Quick QuoteFAST LOW Quick QuoteLOW BECN Quick QuoteBECN. Cautionary Statement Regarding Forward-Looking Statements 2 This presentation, and other statements that Vertiv Holdings Co. (“Company”) may make, may contain forward-looking statements within the meaning of the Private Securities … Lowe's Companies, Inc. (LOW Quick QuoteLOW - Free Report) is likely to register top and bottom-line growth when it reports third-quarter fiscal 2020 numbers on Nov 18, before the opening bell. Lowe's Companies has generated $5.72 earnings per … Lowe's has had to juggle the costs of long-term business improvements with higher labor costs. Lowe’s Cos. has seen its stock jump as people spend more money on their homes. Press Release Lowe's Companies, Inc. My name is Rob, and I'll be your operator for today's call. At quarter-end, the Company had $8.2 billion of cash and cash equivalents as well as $3.0 billion in undrawn capacity on its revolving credit facilities, which will be available for any unanticipated liquidity needs. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Lowe’s carries a Zacks Rank #3 and an Earnings ESP of +8.85%. For the third quarter in a row, hourly associates at 100% of stores earned their "Winning Together" profit-sharing bonus, which totaled $104 million. In addition, in the Business Outlook for the fourth quarter of fiscal 2020, the Company has provided a comparison to the non-GAAP financial measure of adjusted operating income and adjusted operating margin for the fourth quarter of fiscal 2019, which exclude the impacts of certain discrete items not contemplated in Lowe's Business Outlook for 2019, to assist the user in further understanding the Company's forecasted performance for the fourth quarter of fiscal 2020 in comparison to the same period of fiscal 2019. Delayed quotes by Sungard. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law. Revenue declined in the quarter as lower net interest margin … Good morning everyone and welcome to Lowe’s Companies third quarter 2020 earnings conference call. Effective income tax rate of approximately 27%. We note that the company has been incurring higher expenses with respect to additional safety and cleansing measures on account of the pandemic, expansion of supply-chain infrastructure as well as increased promotional spending. As a reflection of its commitment to supporting its associates and communities, Lowe's has invested more than $1.1 billion in COVID-related support for its associates, store safety and community pandemic relief through the first nine months of fiscal 2020. To provide additional transparency, the Company has presented the non-GAAP financial measure of adjusted diluted earnings per share for comparing its operating performance for the three months ended October 30, 2020, with the respective period ended November 1, 2019. ZacksTrade and Zacks.com are separate companies. To learn more, click here. The Company reinstated its share repurchase program, and repurchased 3.6 million shares for $621 million during the quarter, while it also paid $416 million in dividends. CHICAGO, Oct. 20, 2020 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) will report third quarter 2020 results before the market opens on Monday, November 2, 2020. Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.3 billion and diluted earnings per share (EPS) of $1.76 for the quarter ended May 1, 2020, compared to a net earnings … View original content to download multimedia:http://www.prnewswire.com/news-releases/lowes-reports-third-quarter-2020-sales-and-earnings-results-301175569.html, Net increase in cash and cash equivalents, including cash, Less: Net decrease in cash classified within current, http://www.prnewswire.com/news-releases/lowes-reports-third-quarter-2020-sales-and-earnings-results-301175569.html, UPDATE 1-South Africa says J&J, Pfizer, Moderna vaccines considered for "immediate use", Estee Lauder to Pay $1 Billion for Most of Deciem Skin Care, Bitcoin tumbles below $50K as caution sweeps over crypto, Top Wall St strategist boosts his 2021 S&P 500 target for a second time, Stock market news live updates: Stocks fall, Nasdaq drops 2% as tech shares extend rout. Adjustments to reconcile net earnings to net cash provided by operating activities: Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sale/maturity of investments, Proceeds from sale of property and other long-term assets, Proceeds from issuance of common stock under share-based payment plans, Net increase in cash and cash equivalents, including cash classified within current assets held for sale, Less: Net decrease in cash classified within current assets held for sale, Net increase in cash and cash equivalents, Cash and cash equivalents, beginning of period, Lowe's Companies, Inc.Non-GAAP Financial Measures Reconciliation (Unaudited). For fiscal 2020, the Company has recognized financial impacts from the following discrete items, not contemplated in the Company's Original Business Outlook for the third quarter of fiscal 2020: Beginning in the third quarter of fiscal 2019, the Company began a strategic review of its Canadian operations, and in the fourth quarter of fiscal 2019, the Company announced additional actions to improve future performance and profitability of its Canadian operations. Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.These 7 were selected because of their superior potential for immediate breakout.See these time-sensitive tickers now >>, The Home Depot, Inc. (HD) - free report >>, Lowes Companies, Inc. (LOW) - free report >>, Beacon Roofing Supply, Inc. (BECN) - free report >>. Disclosure Regarding Forward-Looking Statements. Invites You to Join Its Third Quarter 2020 Earnings Conference Call Webcast Published: Nov. 11, 2020 at 9:00 a.m. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. With increased stay-at-home directives amid the coronavirus pandemic, home renovation and refurbishing projects are being widely undertaken. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "guidance", and similar expressions are forward-looking statements. However, we cannot ignore the concerns surrounding rising expenses that may have built some pressure on the company’s performance. During the quarter, the Company made a cash tender offer for $3.0 billion of higher-coupon bonds, and issued $4.0 billion of senior unsecured notes at a weighted average interest rate of 2.17%, which is a record low in company history. We continued to invest in the future growth of the company, including a $100 million investment in the quarter as part of an ongoing effort to reset the layout of our U.S. stores, making them easier to shop with improved product adjacencies, especially for Pro customers. Lowe's Companies, Inc. LOW is likely to register top and bottom-line growth when it reports third-quarter fiscal 2020 numbers on Nov 18, before the opening bell. 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