Lowe's posted first-quarter results that beat Wall Street expectations, powered by online growth even as a stagnant housing market continues to curb home improvement demand. Comparable sales rose just 0.6%, but revenue jumped to $23.08 billion from $20.93 billion a year earlier, surpassing the $22.98 billion forecast.

Adjusted earnings per share came in at $3.03, topping the $2.97 consensus from FactSet analysts. Net income dipped slightly to $1.63 billion from $1.64 billion the prior year. The modest comparable sales gain reflects ongoing weakness in housing, yet the online channel provided a meaningful offset to the slowdown.

Housing market headwinds remain a drag on the home improvement sector, but Lowe's digital momentum helped it clear the revenue and earnings bars this quarter. The company's ability to grow online while brick-and-mortar demand softens suggests it's adapting to the current conditions.