A day after naming its next chief executive, Lowe's Cos. Inc. reported earnings and sales that missed projections for its first quarter. The Mooresville-based retailer posted net income of $988 million, or $1.19 per diluted share, for the three months ended May 4, compared with earnings of $602 million or 70 cents per share in the comparable period a year earlier. Sales totaled $17.4 billion in the latest period, up about 3% from $16.9 billion a year ago. However, Lowe's (NYSE: LOW) had been…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2018/05/23/lowes-misses-the-mark-on-sales-earnings-in-first.html?ana=RSS&s=article_search
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