Here's everything you need to know about Lowe's earnings

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The home improvement company reported that its revenue rose 6.8% to $19.5 billion for the quarter ended August 4, which was short of estimates. Second-quarter results also compare to consensus estimates for EPS of $1.61 and $19.53 billion in revenue. Consensus estimates from analysts of Lowe's full-year earnings are $4.62 per share.

The retailer now expects operating margin to rise 80 to 100 basis points in the year ending February 2, down from an earlier forecast for a 120-basis-point increase.

Revenue rose to $19.5 billion from $18.26 billion.

Lowe's stated that comparable sales for the home improvement business in the US increased 4.6% versus the prior-year quarter.

The company expects to repurchase $3.5 billion of stock, a move that was announced in January and does not include an expiration date.

Shares of Lowe's were down more than 6% in mid-day trading as the company missing both its top and bottom line numbers spooked investors.The news comes a week after Home Depot reported its highest quarterly revenue in company history. Diluted earnings per share are forecast at in a range of $4.20 to $4.30.

CEO Robert Niblock said in a statement that the company's performance in the first half of 2017 came short of management's expectations, but he added that Lowe's is making investments to boost sales.

Credit Suisse analyst Seth Sigman add team see some "bright spots" but write that it was "not a clean quarter". We believe this is the right strategy to more fully capitalize on strong traffic trends in what we believe is a supportive macroeconomic backdrop for home improvement.

On a per-share basis, the Mooresville, North Carolina-based company said it had profit of $1.68.

Shares of Lowe's closed up about 2.7% on Wednesday, at $75.82, in a 52-week range of $64.87 to $86.25.

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