Why Lowe's Stock Was Moving Higher Today
Shares of Lowe's (NYSE: LOW) were moving higher today after the home improvement retailer posted better-than-expected results in its third-quarter earnings report.
As of 11:57 a.m. ET on Wednesday, the stock was up 4.9%.
In a challenging macroeconomic environment, Lowe's posted 2.2% growth in comparable-store sales (comps), or 3% in the U.S., and it edged out estimates on the top and bottom lines.
Source Fool.com
