Lao's performance exceeds expectations, slightly adjusting profit outlook.
In the early trading session on Wednesday, the stock price of Lowe's rose by 3.4%. Prior to this, the company announced that its third-quarter performance exceeded expectations and achieved growth in same-store sales, but due to macroeconomic uncertainties, the full-year adjusted earnings per share have been lowered to approximately $12.25. The recent acquisitions of FBM and ADG have been included in the performance outlook calculations.
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