Lowe's and Analog Devices report declining sales while CrowdStrike sees revenue growth

Lowe's Companies, Inc. reported a decrease in net sales to $20.2 billion for the quarter ending November 1, 2024, down from $20.5 billion last year. This decline is linked to a 1.1% drop in comparable sales. Analog Devices, Inc. saw revenue fall to $9.43 billion for the fiscal year ending November 2, 2024, compared to $12.31 billion the previous year. The decrease is attributed to weaker trends in the Industrial and Communications markets. In contrast, CrowdStrike Holdings, Inc. reported a revenue increase to $1.01 billion for the quarter ending October 31, 2024, up from $786 million last year. Subscription revenue made up 95% of total revenue.