Monday, May 21, 2007

Lowe's posts lower profit, cuts year forecast

(Reuters) - The company's shares were down nearly 4 percent in afternoon trading.




Earnings came to $739 million, or 48 cents a share, for the first quarter that ended May 4, down 12 percent from $841 million, or 53 cents, a year earlier.


Read more at Reuters.com Business News

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