Friends in LOW Places

Home improvement retailer Lowe's (LOW) took a hit on Wednesday's opening after posting slightly worse-than-expected earnings in its fiscal Q4 (ended Feb. 2, 2018).

The absolute numbers weren't bad, though. GAAP earnings were $4.09 in FY 2017 versus $3.47 in 2016. Adjusted EPS came in at $4.39 in the latest year versus $3.99. Whichever way you prefer to look at things FY 2017 set a new all-time record.

Better still, the quarterly results included a 34-cent one-time charge for early extinguishment of debt. In my world refinancing high-priced debt is a big positive going forward....440 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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