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Monday, Nov 19
2012, 6:37 AM
More on Lowe's (LOW +2.2%) FQ3: net profit jumps 76% to $396M, with last year's figure including...
More on Lowe's (LOW +2.2%) FQ3: net profit jumps 76% to $396M, with last year's figure including charges of $368M. Revenues +1.9%, comparable store sales +1.8%. This FY is one week shorter than last FY, hurting the comparison. Guidance: FY sales flat at $50.2B vs consensus of $50.08B, EPS of $1.64 vs $1.66. Comparable store-sales +1%, to open around 10 stores. (PR)