Lowe’s Companies Inc. (NYSE: LOW) net profit surprised investors

Lowe's Companies Inc. (NYSE: LOW) reported a profit

In brief: Lowe's Companies Inc. was higher than the pessimistic predictions, but far below the hopes of the bulls.

Lowe’s Companies Inc. (NYSE: LOW) shares rose to 20.74 points on Friday. Lowe’s Companies Inc. gained +0.26 points (1.27%). Loews quarterly profit rose by 8% – said Lowe’s press office today.

U.S. company Loews recorded 8% increase in net profit for the second quarter with $ 340 million, or 78 cents a share to $ 366 million, or 87 cents per share. Analysts on average expected earnings of 75 cents per share. The company managed to record income from investments of $ 1 million compared with last year’s loss at $ 178 million.

Anrey Torbinski
2010-08-02 12:39, Economics.

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