On Wednesday, Lowe's (LOW.US) shares surged over 5% in pre-market trading, reaching $232.0. The company reported its third-quarter financial results, with revenue at $20.81 billion, largely in line with market expectations of $20.82 billion. Adjusted earnings per share came in at $3.06, surpassing the average analyst estimate of $2.97.

Lowe's also raised its full-year sales forecast to $86 billion, up from the previous guidance range of $84.5 billion to $85.5 billion. The upward revision was attributed to a recent acquisition deal, which contributed to the improved outlook.