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Lowe's Cos. Q3 adjusted earnings Beat Estimates

Lowe's Cos. (LOW) announced a profit for third quarter that decreased from the same period last year.

The company's profit totaled $629 million, or $0.78 per share. This compares with $872 million, or $1.05 per share, in last year's third quarter.

Analysts had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.9% to $17.42 billion from $16.77 billion last year.

Lowe's Cos. earnings at a glance:

-EPS (Q3): $1.04 vs. $1.05 last year.
-Analysts Estimate: $0.98
-Revenue (Q3): $17.42 Bln vs. $16.77 Bln last year.

Full year EPS guidance: $5.08 to $5.13

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