Lowe’s (NYSE:LOW) is scheduled to report its second quarter results on August 22, wherein a substantial rise in both revenues and earnings is expected. Unseasonably cold weather played a dampener in Lowe’s first quarter results, when the company missed consensus expectations on both revenue and earnings. The poor performance in the quarter, nevertheless, will not have an impact on the full year results. After an astounding performance by Home Depot in the second quarter, much is expected from Lowe’s, as well. On the other hand, increased transportation costs had a negative impact on the gross margin.

Source: Forbes August 20, 2018 14:15 UTC