Lowe's Sales, Profit Top Estimates Despite Continued 'Big Ticket' Softness

Lowe's (LOW) reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket discretionary purchases. Lowe's registered $20.17 billion in revenue for the quarter, below the$20.47 billion it reported a year ago but still better than the $19.89 billion consensus estimate of analysts compiled by Visible Alpha. It posted$1.70 billion in net income, or $2.99 per share, better than projections of$1.60 billion and $2.82 per share, respectively. "Our result ...