Strong quarter for Lowe's, shares higher

|About: Lowe's Companies, Inc. (LOW)|By:, SA News Editor

Lowe's (LOW) reports comparable-store sales rose 9.6% during a quarter that saw the same theme as Home Depot of strong home improvement demand and improved store execution.

Gross margin increased 42 bps to 34.35%.

For FY 13, the company expects to see comp sales increase 4.5%. (PR)

LOW +3.5% premarket.