On August 19, Lowe's rose 3.06% in regular trading, trading at $223.655/share, with turnover of $297 million. The stock initially fell approximately 3% in pre-market trading following a full-year guidance cut, but reversed course as investors digested the quarterly earnings beat.

Lowe's reported fiscal Q2 adjusted EPS of $4.40, surpassing the analyst consensus estimate of $4.22 by 4.3%, and up from $4.33 a year earlier. However, quarterly revenue of $25.96 billion came in below the $26.13 billion expected. The company simultaneously lowered its full-year guidance, now expecting adjusted EPS of approximately $12.25 versus the prior range of $12.25 to $12.75, and total sales of about $92 billion versus the previous $92 billion to $94 billion range. Management cited persistent weakness in the U.S. housing market, elevated borrowing costs, and consumer uncertainty as headwinds to demand recovery.

Within the Home Improvement Retail sector, the overall tone was positive. Among peers, Home Depot rose 3.17%, Floor & Decor Holdings gained 4.01%, and Betterware rose 0.86%.

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