Lowe’s stock gains after it beat earnings expectations a day after Home Depot missed. Lowe’s also announced it was buying a bigger building-products company than its rival did in June.

Home Depot affirmed its full-year growth outlook for adjusted earnings per share to decline approximately 2%, for total sales to increase by about 2.8% and for comparable-sales growth of about 1%. Home Depot expects to open approximately 13 new stores during the year, in line with its prior guidance.

Consumers are holding off on larger home-improvement projects because of higher interest rates and economic uncertainty, but they are moving ahead with smaller projects that they can pay for with cash...

The Home Depot (HD) stock has gained 2% in Tuesday's premarket despite the DIY construction retailer slightly missing both earnings per share (EPS).

As homeowners opt to stay put longer, spending has shifted toward smaller repair projects and maintenance, dampening sales of big-ticket renovation products.