August 23, 2017 / 10:12 AM / 4 months ago

BRIEF-Lowe's Companies Q2 adjusted earnings per share $1.57

Aug 23 (Reuters) - Lowe’s Companies Inc

* Lowe’s reports second quarter sales and earnings results

* Q2 adjusted earnings per share $1.57

* Q2 earnings per share $1.68

* Q2 sales $19.5 billion versus I/B/E/S view $19.53 billion

* Q2 same store sales rose 4.5 percent

* Q2 earnings per share view $1.61 -- Thomson Reuters I/B/E/S

* Comparable sales are expected to increase approximately 3.5 percent for fiscal year 2017

* Diluted earnings per share of $4.20 to $4.30 are expected for fiscal year ending February 2, 2018​

* Total sales are expected to increase approximately 5 percent​ for ‍FY 2017

* Company expects to add approximately 25 home improvement and hardware stores for fiscal year 2017

* FY2017 earnings per share view $3.90, revenue view $64.60 billion -- Thomson Reuters I/B/E/S

* Says “‍results were below our expectations in first half of this year​”

* Reports 7.9% comparable sales increase for month of July

* Q2 results included a $96 million gain from sale of company’s interest in its Australian joint venture​ Source text for Eikon: Further company coverage:

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