Lowe's Reports $18.55B Revenue and EPS of $1.93; eBay's Q4 Revenue at $2.58B and EPS $1.25, Guidance Falls Short

Lowe's Companies reported its fourth-quarter earnings, revealing a revenue of $18.55 billion, which exceeded expectations by $263 million, despite a year-over-year decline of 0.26%. The company's earnings per share (EPS) rose to $1.93, surpassing estimates by $0.09. CEO Marvin Ellison attributed the results to the success of the Total Home strategic initiatives. In contrast, eBay's fourth-quarter earnings showed a revenue of $2.58 billion, slightly beating expectations by $9 million, with an EPS of $1.25, which was $0.05 above estimates. However, eBay's sales guidance for the upcoming quarter fell short of analyst expectations, leading to a pre-market stock decline of approximately 9.4%. The TJX Companies, parent of TJ Maxx, reported a revenue of $16.35 billion, beating expectations by $160 million, while its EPS increased by 9.82% year-over-year to $1.23, exceeding estimates by $0.07. The company plans to open 90 new stores in the U.S. and is optimistic about benefiting from current market conditions. Analysts have also raised their price target for TJX following its strong performance.