a customer pushes a shopping cart towards the entrance of a lowes store in concord california on tuesday feb 23 2021 lowes said wednesday that sales rose 5 and surpassed wall streets estimates in the fiscal fourth quarter as americans bought fixed up and renovated homes in a tight real estate market shares rose more than 2 in premarket trading heres what the company reported for the quarter ended jan 28 compared with what wall street was expecting based on a survey of analysts by refinitiv lowes net income rose to 121 billion or 178 per share from 978 million or 132 per share a year earlier the results were above the 171 expected by analysts surveyed by refinitiv sales climbed to 2134 billion from 2031 billion last year and outpaced analysts expectations of 2090 billion as of tuesdays close lowes shares are up 27 over the past 12 months shares closed tuesday at 21459 bringing lowes market value to 14458 billion