Investing.com - Home improvement retailer Lowe’s reported better-than-expected second quarter earnings and revenue figures, it announced early Wednesday.
Earlier in the day, in its second quarter earnings report, Lowe’s said earnings per share came in at USD0.88, beating expectations for earnings of USD0.79 per share.
The company’s second quarter revenue totaled USD15.71 billion, above forecasts for revenue of USD15.07 billion.
Following the release of the report, Lowe’s Companies shares rallied 4.2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was mildly lower. The Dow Jones Industrial Average futures pointed to a loss of 0.3% at the open, S&P 500 futures dipped 0.35%, while the Nasdaq 100 futures indicated a drop of 0.4% at the open.