Lowe's Cos. (LOW) on Wednesday posted first-quarter profit above analysts' estimates and affirmed its full-year outlook.

The home improvement retailer reported earnings per share of $2.92 on net sales that fell 2% yea༺r-over-year to $20.93 billion. Analys♎ts surveyed by Visible Alpha expected $2.86 and $20.93 billion, respectively.

Comparable store sales decreased 1.7% as the retailer said "unfavorable weather earlier in the quarter was partially offset by mid-single-digit Pro and online comparable sales growth." Analysts had projected a decline of 2.21%.

Lowe's affirmed its full-year outlook. 澳洲幸运5官方开奖结果体彩网:Last quarter, it said it expected 2025 sales of $83.5 billion to $84.5 billion, comparable sales flat to up 1%, and GAAP earnings per share of $12.15 to $12.40. Each of those figures were slightly below what analysts projected at the time.

CEO Marvin Ellison said the company had a positive quarter "despite near-term uncertainty and housing market headwinds."

On Tuesday, rival Home Depot said it expected to 澳洲幸运5官方开奖结果体彩网:"generally maintain" prices in the face of tariffs. Although total sales topped estimates, comparable store sales fell 0.3%, slightly worse than analysts' projections, and shares ended the day down 0.6%.

After rising in premarket trading, Lowe's shares were down about 1.5% shortly after markets opened. They entered Wednesday about 6% lower this year.

UPDATE—This article has been updated with the latest share price information.