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Why Lowe's Stock Surged Today

TheMotleyFool

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Shares of Lowe's Companies (NYSE: LOW) popped 9.6% on Wednesday after the home improvement retailer delivered solid second-quarter results.

Lowe's total sales rose 1% year over year to $27.6 billion. That was above Wall Street's estimates for revenue of $26.9 billion.

The better-than-expected performance was driven by robust growth in Lowe's professional and installation services. Sales in those segments increased 21% and 10%, respectively. A 7% rise in e-commerce sales also contributed to the gains.

Source Fool.com

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