Why Lowe's Stock Surged Today

Shares of Lowe’s Companies (NYSE:LOW) popped 9.6% on Wednesday after the home improvement retailer delivered solid second-quarter results.  

So what

Lowe’s total sales rose 1% year over year to $27.6 billion. That was above Wall Street’s estimates for revenue of $26.9 billion. 

The better-than-expected performance was driven by robust growth in Lowe’s professional and installation services. Sales in those segments increased 21% and 10%, respectively. A 7% rise in e-commerce sales also contributed to the gains.

Leave a Reply

Your email address will not be published.