Lowe's Tops Profit Estimates, Affirms Full-Year Outlook
1. Lowe's exceeded profit estimates with EPS of $2.92. 2. Net sales fell 2% YoY to $20.93 billion. 3. Comparable store sales decreased 1.7%, better than expected. 4. Lowe's reaffirmed full-year sales and earnings guidance. 5. Rival Home Depot reported weaker comparable sales.