NEW YORK (TheStreet) -- Lowe's (LOW) - Get Report forecasts fourth-quarter earnings to be in line with analysts' estimates after reporting a 17% rise in third-quarter earnings.

The home-improvement retailer forecasted fourth-quarter earnings of 16 cents to 19 cents a share, compared with the consensus estimate of 18 cents. Total sales are expected to increase 2% to 4% year over year. Full-year earnings are expected to fall in the range of $1.37 to $1.40 a share, compared with the consensus estimate of $1.41 a share; full-year sales are expected to increase 3% to 4%.

Lowe's reported third-quarter net earnings increase of 17.4% to $404 million, or 29 cents a share, from $344 million, or 23 cents a share, in the year-earlierperiod.

The company had earnings of 31 cents a share, beating the expected 30 cents a share target, excluding a one-time charge of 2 cents.

Sales for the quarter increased 1.9% percent to $11.6 billion from $11.4 billion the same time last year, but was lower than the average Wall Street estimate of $11.75 billion.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse

.

>To follow the writer on Twitter, go to

Andrea Tse

.

>To submit a news tip, send an email to:

tips@thestreet.com

.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.