Lowe's Companies shares fall as cautious outlook overshadows Q1 beat

Lowe's Companies Inc (NYSE:LOW) shares fell about 4% in early trading on Wednesday after the home improvement retailer reaffirmed a full-year outlook that came in slightly below Wall Street expectations, despite reporting first quarter earnings and revenue that topped analyst estimates. Lowe's continues to expect total sales of $92 billion to $94 billion versus Wall Street expectations of about $93.07 billion for the full year.