Lowe's says its profit fell 17.9 percent in the first quarter as the home improvement retailer faces a challenging sales environment amid a national housing slump. The Mooresville, North Carolina-based company said Monday it earned $607 million, or 41 cents
A struggling economy and continued turmoil in the housing market drove Lowe's first-quarter profits down 18 percent compared to the same period last year, the Mooresville-based home improvement retailer reported this morning. The company reported earnings of $607 million, or 41 cents a share, in the three-month period that ended May 2. That's compared to $739 million, or 48 cents a share, in the
NEW YORK (Thomson Financial) - Lowe's Cos. Monday reported first-quarter earnings of $607 million, or 41 cents a share, down from a year-ago profit of $739 million, or 48 cents a share, and a penny ahead of the mean estimate of analysts polled by Thomson Reuters.
Lowe's Companies, Inc. (NYSE:LOW) , the world's second-largest home improvement retailer, today reported net earnings of $607 million for the quarter ended May 2, 2008, a 17.9 percent decline versus the same period a year ago. Diluted earnings per share declined 14.6 percent to $0.41 from $0.48 in the first quarter of 2007. Sales for the quarter declined 1.3 percent to $12.0 billion, down from
Lowe's Companies, Inc. , the world's second-largest home improvement retailer, today reported net earnings of $607 million for the quarter ended May 2, 2008, a 17.9 percent decline versus the same period a year ago.
The Queensland Government is seething after receiving a tax bill from the NSW government for the construction of a Gold Coast bypass which crosses the state border.Premier Anna Bligh yesterday attacked the NSW Treasury over a $235,607.40 land tax bill for properties purchased by the Queensland government in NSW for the construction of the Tugun bypass.Ms Bligh said she was appalled her NSW
Lowe's Cos. reported a 17.9 percent drop in first-quarter earnings on Monday as the slumping U.S. housing market and softer economy hurt sales. Its shares fell almost 3 percent in premarket trading.
Turkmenistan plans to build a soaring $70 million monument in the capital that will outstrip anything built during the ostentatious rule of the late dictator Saparmurat Niyazov.
Retailer Lowe's reported an 18 percent drop in first-quarter profit on Monday as the slumping U.S. housing market and softer economy hurt sales, and it cut its full-year profit forecast.
Members
Area
Top
Downloads 
607 MP3 albums: 
RSS feed
View comments
Hide comments
Browse
Genres 
