Summary
CHARLOTTE, N.C. -- Fueled by the nation's strong housing market, second-quarter profit for No. 2 home-improvement retailer Lowe's Cos. jumped 20 percent, beating Wall Street estimates.
Net income grew to $838 million, or $1.05 per share, in the period ended July 29, from $700 million, or 87 cents per share, in the same quarter in 2004, the company said Monday. Revenue rose 17 percent to $11.93 billion from $10.17 billion as sales at stores open at least a year increased by 6.5 percent.See the full content of this document
Extract
Lowe's Profit Jumps 20%
Analysts surveyed by Thomson Financial expected earnings of $1.02 per share o...
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