Wednesday, February 24, 2016

Lowe's Q4 Profit Matches View; Sees FY16 EPS Above Estimates

Home improvement retailer Lowe's Companies Inc. reported Wednesday a sharp decline in the fourth-quarter net profit, that included an impairment charge related to Australian joint venture. Adjusted earnings matched analysts' estimates, while sales topped view with higher comparable sales. For fiscal 2016, the company projects higher earnings, above analysts' estimates.

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