Monday, August 15, 2011

Lowe's profit tops, guides low (Investor's Business Daily)

Volatile weather and worries about the economy muted consumer demand for the home improvement supply chain's products during its key early summer selling season. Lowe's (NYSE:LOW - News) said Q2 earnings rose 17% to 68 cents a share, beating estimates by 2 cents. Sales edged up 1% to $14.54 bil, missing views. Revenue in stores open at least a year fell 0.3%. It sees EPS of 30-33 cents this quarter, missing analyst forecasts for 34 cents. Shares edged up 0.9% to 19.68.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ibd/20110815/bs_ibd_ibd/581541

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