Lowe's Cos. (NYSE: LOW) shares are ticking higher early following solid Q3 results from peer Home Depot (NYSE: HD).

Home Depot posted Q3 EPS of $1.36, which topped expectations by 4 cents. The retailer also boosted its FY15 EPS outlook to $5.36, with consensus estimates at $5.31.

Shares of Lowe's are up over 3 percent early.