Lowes Companies Stock News

Lowe's customers continue to steer clear of pricey renovations amid elevated interest rates. The CEO pointed to small upgrades as a potential sign of "brighter days ahead" on an earnings call.

Major U.S. equities indexes were mixed at midday Wednesday ahead of highly anticipated earnings from Nvidia (NVDA) due after the closing bell. The S&P 500 and Nasdaq gained, while the Dow fell.

Lowe's (LOW) shares surged Wednesday after the home improvement retailer reported profits that topped analysts' expectations, just a day after rival Home Depot's (HD) profits fell short.

The challenges of today's economy continue to weigh on consumer confidence. Against that backdrop, retailers in mature markets are switching gears to unlock new value across non-consumer segments.

Lowe's (NYSE: LOW) surged nearly 6% in pre-market trading to around $230, indicating early enthusiasm from investors about the company's operational progress. At first glance, Q3 might not seem impressive—comparable sales increased by only 0.4%—but the underlying figures present a different picture.

Lowe's beat on earnings this morning, one day after Home Depot missed. Lowe's earnings declined, however, because of acquisition costs.

Lowe's Companies Inc (NYSE:LOW) is up 3.3% to trade at $226.75 today, after the home improvement retailer reported adjusted third-quarter earnings of $3.06 per share on $20.81 billion in revenue, the former of which topped estimates.

Lowe's Companies Inc (NYSE:LOW) on Wednesday reported third-quarter earnings that slightly beat analysts' estimates and raised its full-year guidance, signaling resilience in the home improvement sector despite ongoing economic headwinds. The home improvement retailer posted adjusted earnings per share of $3.06 for Q3, up 5.9% from a year earlier and above the Street's estimate of $2.97.