Lowe's tops quarterly estimates, CEO says consumer sentiment improving


Lowe’s (LOW) said on Tuesday consumer sentiment was improving after it topped Wall Street estimates for quarterly profit and comparable sales, as sustained spending on smaller projects countered a broader lull in the home-improvement sector.

“Lowe’s has invested a lot in Pro-products, services and strategies to help attract the Pro-customer… The positive trends (are) certainly reflective of the fact that their investments are paying off,” said Telsey Advisory Group analyst Joe Feldman.

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