DIY projects ramp up in pandemic, and so do sales at Lowe’s

(AP) — A massive surge in online sales and increased business at its U.S. stores helped push Lowe’s second-quarter performance above analysts’ estimates.

Similar to rival Home Depot, Lowe’s Cos. has experienced stronger interest in its products as people continue to stay home amid the virus outbreak.

Revenue for the three months ended July 31 climbed to $27.3 billion from $21 billion.

Analysts surveyed by Zacks Investment Research were calling for $24.85 billion.