Monday, May 21, 2007

Lowe's posts lower net, cuts year forecast

(Reuters) - Analysts on average expected 49 cents a share, according to Reuters Estimates.




Total sales rose 2 percent to $12.2 billion, helped by 15 store openings, but shy of the $12.5 billion expected by analysts. Sales at stores open at least a year, an important retail measure, fell 6.3 percent.


Read more at Reuters.com Business News

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