Lowe's stock up after earnings beat estimates and company raises guidance

By MarketWatch   |   1 year ago
Lowe's stock up after earnings beat estimates and company raises guidance

Lowe's stock rose 0.8% after beating Q3 estimates. Despite a decrease in net income and sales, the company raised its guidance. Adjusted EPS exceeded expectations, driven by strong online sales and smaller-ticket outdoor projects. CEO Ellison expressed satisfaction with the results.

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