Lowe's Earnings Review: Misses On Revenues But Optimistic Outlook Persists

America's second largest home improvement retailer, Lowe's, reported its fiscal first quarter results on May 20. The retailer delivered a 5.4% sales increase in the quarter to $14.1 billion, with comp sales growing 5.2% on a year-on-year basis, against a 2.9% increase in average ticket sizes and a 2.2% increase in transactions. EPS in the quarter gained almost 14.8% year on year, to reach $0.70. Here are the key takeaways from Lowe's earnings report for the quarter, along with what can be expect...