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Added on the 09/11/2020 09:31:42 - Copyright : Wochit
On Wednesday, Lowe's reported quarterly same-store sales growth of more than 30%. Sales for the third quarter were $22.3 billion. That's compared to $17.4 billion in the same quarter in 2019. Lowe's said their online sales doubled in the third quarter. The company's earnings of $1.98 per share were one cent short of estimates from analysts, and its shares fell. Lowe's net income fell to $692 million, or 91 cents per share, for the quarter ending October 30, 2020.
Introducing breakfast all day helped McDonald's expand same-store sales in the U.S. for the first time in two years. Fred Katayama reports.
Merck posted better than expected sales and profit. The company getting a boost from its diabetes drug Januvia, but strong dollar concerns linger. Shartia Brantley reports.
Shares of Pepsi are up two percent, after the company posted better-than-expected fourth-quarter results despite the effects of a stronger dollar.
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