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Added on the 22/07/2015 00:25:05 - Copyright : Reuters EN
Apple revises fourth quarter expectations, saying revenues could come in lighter than current forecasts, and misses some targets for iPhone sales, putting pressure on its stock despite an overall earnings beat. Bobbi Rebell reports.
Apple reports quarterly results below Wall Street targets and forecasts another disappointing quarter. John Russell reports.
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.