Lowe’s revenue jumps 30% in the fiscal second quarter

Lowe’s Companies Inc. (NYSE: LOW) published its quarterly financial results on Wednesday that came in stronger than what the analysts had anticipated. The company attributed its hawkish performance to the Coronavirus pandemic that restricted people to their homes. Consequently, home improvement projects were very much in trend in recent months. Shares of the company opened less than 2% up on Wednesday. But the stock lost the entire gain later in the day. At the time of writing, the £91.47 billion company that has a price to earnings ratio of 26.80 is more than 30% up year to date in the