Lowe's (LOW) reported Q2 FY 2018 earnings of $2.07 per share (versus $1.57 in Q2 FY 2017), beating analysts' consensus estimate of $2.02.

The company's quarterly revenues amounted to $20.888 bln (+7.1% y/y), generally in line with analysts' consensus estimate of $20.792 bln.

The company also issued guidance for FY 2018, projecting EPS of $4.50-4.60 (versus analysts' consensus estimate of $5.44) and revenues of $70.6 bln or ~+4.5% y/y (versus analysts' consensus estimate of $71.86 bln), down from prior guidance of ~$71.2 bln or +5% y/y.

LOW fell to $99.50 (-0.24%) in pre-market trading.