BUZZ-Lowe's gains on smaller-than-expected drop in comparable sales

Reuters
05-21
BUZZ-Lowe's gains on smaller-than-expected drop in comparable sales

** Shares of home improvement retailer Lowe's LOW.N rise ~3% to $237.71 premarket

** Beats first-quarter comparable sales estimates on steady demand

** Reports 1.7% dip in same-store sales vs analysts' estimates of 2% decline, as per data compiled by LSEG

** Maintains annual comparable sales and profit forecasts

** Up to last close, stock down 6.3% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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