Courtesy of Benzinga.
Lowe’s Cos (NYSE: LOW) reported a decline in its Q3 net profit.
Lowe’s quarterly profit fell to $225 million, or $0.18 per share, from $404 million, or $0.29 per share, in the year-ago period. Its sales rose to $11.85 billion from $11.59 billion.
Lowe’s projects Q4 total sales to surge about 8% and earnings per share of between $0.20 and $0.23 per share.
Lowe’s shares gained 2.89% to close at $23.11 on Friday.
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