Lowe's reported mixed earnings for Q3, with revenue slightly surpassing expectations but noting challenges in DIY sales.

Lowe's (LOW) reported third quarter earnings beating Wall Street estimates on both revenue and profits. Despite the home improvement retailer raising its 2024 outlook, shares fell by as much as 4% this morning.

Lowe’s Companies, Inc. LOW came up with third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zack Consensus Estimate. However, the Mooresville, NC-based company faced year-over-year declines in both metrics and extended its streak of soft comparable sales performance.

Lowe's Companies (NYSE:LOW) traded lower in premarket action despite beating consensus estimates with its Q3 earnings report and lifting its full-year guidance. For the third quarter, the North Carolina-based specialty retailer reported comparable sales decreased by 1.