Lowe's 2Q profit rises as weather improves
Source: AP-Excite
MOORESVILLE, N.C. (AP) — Lowe's second-quarter net income increased 10 percent, bolstered by improving weather.
The home improvement company's performance beat analysts' expectations, but the Mooresville, North Carolina, company lowered its full-year revenue outlook slightly, citing its year-to-date sales and prior assumptions for the second half.
Shares fell in premarket trading on Wednesday.
Spring is the most important season for home-improvement retailers, as homeowners and others work on their yards and gardens. While the season started off a bit cold and rainy, weather improved and shoppers headed out to stores to pick up supplies.
FULL story at link.
FILE - In this Nov. 14, 2011 file photo, a Lowe's employee walks down an aisle in the store in Saugus, Mass. Lowe's reports quarterly earnings on Wednesday, Aug. 20, 2014. (AP Photo/Michael Dwyer, File)
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