Lowe's Tops Earnings, Raises Outlook

This is a news story, published by CNBC, that relates primarily to Lowe's news.

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weak home improvement demand

CNBC

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Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year

Summary

Nutrition label

77% Informative

Lowe's beat Wall Street's quarterly earnings expectations on Tuesday , as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales.

The home improvement retailer still expects full-year sales to decline from the prior year .

Lowe 's competitor, Home Depot , reported last week that customers are still deferring big projects and pricier purchases, even after interest rate cuts by the Federal Reserve .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful