Lowe’s: Fiscal Q3 earnings snapshot

MOORESVILLE, N.C. — Lowe’s Cos. today reported fiscal third-quarter profit of $1.9 billion.

On a per-share basis, the company said it had net income of $2.73.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.

The home improvement retailer posted revenue of $22.92 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $21.91 billion.

Lowe’s expects full-year revenue of $95 billion.