BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Lowe’s Earnings Surpass Estimates as Home Depot Stumbles, Shares Jump 5%
Lowe’s Earnings Surpass Estimates as Home Depot Stumbles, Shares Jump 5%
15
2
BTCCSquare news:
Lowe's (LOW) shares surged 5% Wednesday after outperforming rival Home Depot (HD) with stronger-than-expected Q3 earnings. Adjusted profits reached $3.06/share, beating consensus estimates, while revenue hit $20.81B—driven by robust online sales and professional contractor demand. CEO Marvin Ellison noted solid comparable sales growth early in Q4, contrasting Home Depot’s cautious outlook.
The home improvement sector’s divergence highlights shifting consumer preferences toward pro services and digital channels. Analysts at JPMorgan flagged Lowe’s execution as a key differentiator, particularly in high-margin categories like appliance installations.
By:
