Lowe’s stock gains after it beat earnings expectations a day after Home Depot missed. Lowe’s also announced it was buying a bigger building-products company than its rival did in June.

Lowe's beat quarterly earnings expectations on Wednesday. The home improvement retailer also announced the $8.8 billion acquisition of Foundation Building Materials, its second acquisition of a home professional-focused company in recent months.

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Home Depot affirmed its full-year growth outlook for adjusted earnings per share to decline approximately 2%, for total sales to increase by about 2.8% and for comparable-sales growth of about 1%. Home Depot expects to open approximately 13 new stores during the year, in line with its prior guidance.