Lowe's Q2 Results Up, But Miss Estimates; Cuts FY16 Earnings, Margin View

Home improvement retailer Lowe's Companies Inc. reported higher profit in its second quarter with increased sales and comparable sales. Meanwhile, earnings per share and topline missed analysts' estimates. Further, the company trimmed its fiscal 2016 forecast for earnings and margin, but lifted sales growth view. In pre-market activity on the NYSE, Lowe's shares were losing 3.72 percent.

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