Lowe’s sales, earnings fall

Lowe’s Cos. reported Q3 revenues of $20.74 billion for the quarter, down 11.7 percent from a year earlier and falling short of analyst estimates of $20.87 billion. Adjusted earnings of $3.06 per share were down from $3.27 but edged out estimates of $3.05 per share. CEO Marvin Ellison pointed to a “greater-than-expected pullback in DIY discretionary spending, particularly in bigger ticket categories.”