Comparable sales at Lowe's increased 1.9% during the quarter vs. +2.6% consensus and +5.5% at Home Depot for a roughly overlapping period. Gross margin also trailed off more year over year for Lowe's than Home Depot.
Looking ahead, Lowe's sees FY17 EPS of $4.30 vs. $4.64 consensus.
LOW -2.68% premarket to $80.14. HD -0.28% to $154.39. Both stocks are up roughly 16% YTD.