06:42 AM EDT, 05/21/2024 (MT Newswires) -- Lowe's Companies (LOW) reported fiscal Q1 diluted earnings Tuesday of $3.06 per share, down from $3.77 a year earlier.

Analysts polled by Capital IQ expected $2.96.

Total sales for the quarter ended May 3 was $21.36 billion, down from $22.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $21.1 billion.

The company said it expects full-year 2024 diluted earnings of $12.00 to $12.30. Analysts surveyed by Capital IQ expect $12.15. The company expects total sales for 2024 of $84 billion to $85 billion. Analysts polled by Capital IQ expect $84.41 billion.

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