Lowe’s Cos. Inc., like its larger competitor Home Depot Inc., continues to profit from a national housing recovery. Mooresville-based Lowe’s (NYSE:LOW) matched analysts’ estimates reporting $541 million in net earnings, or 59 cents a share, for the fourth quarter. If an impairment charge for the company’s exit of an Australian joint venture is considered, those numbers dwindle to $11 million in profit, or a penny a share. Robert Niblock, Lowe’s CEO, says higher winter temperatures also…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/outside_the_loop/2016/02/lowe-s-matches-wall-street-estimate-for-q4.html
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