Lowe's Cos. (LOW) Tops Q3 EPS by 2c; Comps Rose 5%

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Go back to Lowe's Cos. (LOW) Tops Q3 EPS by 2c; Comps Rose 5%

Lowe's sales top estimates amid strengthening U.S. housing market

November 18, 2015 6:08 AM EST

By Sruthi Ramakrishnan

(Reuters) - Lowe's Cos Inc (NYSE: LOW) followed larger rival Home Depot Inc (NYSE: HD) in reporting better-than-expected quarterly profit and same-store sales, and the company said it expects higher spending on home improvement to continue until 2017 at least.

Strong results from the top two U.S. home improvement chains are in contrast to those from department store operators Macy's Inc (NYSE: M) and Nordstrom Inc (NYSE: JWN), which cast a pall over the... More