Lowe's (LOW) Rises Following Home Depot's (HD) Q2 Results; Will Report on Aug. 20th

Lowe's (NYSE: LOW) is trading higher following positive quarterly results and guidance from segment peer Home Depot (NYSE: HD).

Ahead of the bell Tuesday, reported Q2 EPS of $1.52 and revenue of $23.8 billion, versus consensus expectations calling for EPS of $1.45 and revs of $23.6 billion. The company also raised FY14 EPS expectations to about $4.52, with estimates at $4.41.

Lowe's will report its Q2 results tomorrow morning. The Street is looking for EPS of $1.02 and revenue of $16.6 billion, from EPS of $0.88 and revs of $15.7 billion posted in the same period last year. The company will hold a webcast at 9am EDT, which can be accessed at http://www.Lowes.com/investor.

Shares of Lowe's are up 2.8 percent.

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