06:22 AM EDT, 08/20/2024 (MT Newswires) -- Lowe's (LOW) reported fiscal Q2 earnings Tuesday of $4.17 per diluted share, down from $4.56 a year earlier.

Analysts polled by Capital IQ expected $4.

Revenue for the quarter ended Aug. 2 was $23.59 billion, down from $24.96 billion a year earlier.

Analysts surveyed by Capital IQ expected $23.96 billion.

The home improvement company said it now expects fiscal 2024 adjusted earnings of $11.70 to $11.90 per diluted share, compared with $12 to $12.30 previously. Analysts polled by Capital IQ expect $12.16.

The company said it expects revenue for the year of $82.7 billion to $83.2 billion, down from its previous outlook of $84 billion to $85 billion. Analysts surveyed by Capital IQ expect $84.24 billion.

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