NEW YORK (TheStreet) -- Lowe's (LOW) - Get Report predicts fiscal-year earnings of $1.38 to $1.45 a share vs. the consensus estimate of $1.42 a share after the home-improvement retailer reported a rise in second-quarter earnings.

Lowe's expects third-quarter earnings of 28 cents a share to 32 cents a share compared with the consensus target of 31 cents a share. The company expects to open 40 to 45 stores in the year, reflecting total square footage growth of about 2%.

For the second quarter, Lowe's posted net earnings of $832 million, up 9.6% from last year, and sales of $14.4 billion, up 3.7%. On a per-share basis, earnings rose 13.7% to 58 cents.

On average, analysts were expecting earnings of 59 cents on revenue of $14.52 billion.

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Lowe's shares were up 1.8% to $19.95 some 15 minutes after the opening bell Monday.

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-- Reported by Andrea Tse in New York

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