the finance connection » lowe’s http://thefinanceconnection.com Wed, 08 Sep 2010 10:15:18 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Stocks to Watch – Lowe’s Cos (LOW) http://thefinanceconnection.com/stocks/stocks-to-watch-lowes-cos-low/ http://thefinanceconnection.com/stocks/stocks-to-watch-lowes-cos-low/#comments Mon, 13 Jul 2009 12:21:33 +0000 admin http://thefinanceconnection.com/?p=206 Lowe’s Cos.’ (LOW) fiscal first-quarter earnings fell 22% amid continued weak demand for big-ticket items.

The world’s second-largest home-improvement retailer after Home Depot Inc. ( HD) nevertheless raised its fiscal-year earnings view but narrowed its outlook for revenue.

The company now expects fiscal-year earnings of $1.13 to $1.25 a share, up from February’s reduced estimate of $1.04 to $1.20. It now forecasts revenue ranging from down 2% to up 1% compared to February’s view of down 2% to up 2%. It still expects same-store sales in a range of down 4% to 8%.

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