Wednesday, March 1, 2017

Lowe’s beats expectations

Lowe's topped analysts' estimates across the board Wednesday, as the chain capitalized on a stronger U.S. housing market to drive sales and earnings higher.

The retailer also delivered a rosy outlook for fiscal year 2017, sending shares up 8 percent in premarket trading.

Same-store sales increased 5.1 percent versus a 2.4 percent increase expected by FactSet.. . . more

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