Lowe’s Companies Inc (NYSE:LOW) shares are trading higher after the company reported better-than-expected first-quarter FY24 earnings. The company reported a first-quarter FY24 sales decline of 4.4% year-on-year to $21.364 billion, beating the analyst consensus estimate of $21.123 billion. Comparable sales decreased 4.1% due to a decline in DIY big ticket discretionary spending was partially offset by positive comparable sales in Pro and online. EPS of $3.06 beat the analyst consensus estimate of $2.94. Gross profit fell 5.8% Y/Y to $7.1 billion, with ...