Lowe's ( LOW ) reported third quarter earnings beating Wall Street estimates on both revenue and profits. Despite the home improvement retailer raising its 2024 outlook, shares fell by as much as 4% this morning.

Yahoo Finance Senior Reporter Brooke DiPalma joins Morning Brief co-hosts Seana Smith and Brad Smith to break down the results.

While Lowe's faces affordability challenges due to inflation and higher mortgage rates, DiPalma notes the company is optimistic about a market recovery.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here .

This post was written by Cindy Mizaku .