RTTNews | May 19, 2021 06:06AM EDT

06:06 Wednesday, May 19, 2021 (RTTNews.com) - Lowe's Cos. (LOW) announced a profit for its first quarter that rose from last year.

The company's earnings came in at $2.32 billion, or $3.21 per share. This compares with $1.34 billion, or $1.776 per share, in last year's first quarter.

Analysts had expected the company to earn $2.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 24.1% to $24.42 billion from $19.68 billion last year.

Lowe's Cos. earnings at a glance:

-Earnings (Q1): $2.32 Bln. vs. $1.34 Bln. last year.-EPS (Q1): $3.21 vs. $1.776 last year.-Analysts Estimate: $2.62-Revenue (Q1): $24.42 Bln vs. $19.68 Bln last year.

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