Lowe’s (LOW) – The home improvement retailer beat estimates by 3 cents a share, with quarterly earnings of 94 cents per share. Revenue and comparable sales fell short of forecasts, however, and Lowe’s projected full-year adjusted earnings of $6.45-$6.65 per share, compared to a consensus estimate of $6.67 a share.
J.M. Smucker (SJM) – The food producer earned $2.35 per share for its latest quarter, 12 cents a share above estimates. Revenue was in line with forecasts, helped by improved volume in the coffee and peanut butter segments, as well as strong growth for its Uncrustables brand. Sales were down from a year ago, however, on weakness in the premium pet food segment.
