Lowe's slips after earnings miss and underwhelming guidance

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

Lowe's (LOW) reports comparable store sales rose 6.2% during Q3 on balanced growth. The mark is solid, but trails Home Depot's comp growth by two full percentage points.

Gross margin rate increased 26 bps to 34.58% during the period.

The company says it sees total sales growing 9% for FY13 and EPS of $2.15, up from prior guidance of $2.10 but below the consensus street estimate of $2.18. (PR)

LOW -3.9% AH.