Lowe’s 4th-Quarter Profit Rises 55%
Bloomberg News
Lowe’s Cos.’ profit rose 55% in its latest quarter as the second-largest home improvement retailer opened stores in new markets.
Net income in its fourth quarter ended Feb. 1 rose to $218.4million, or 28 cents a share, the Wilkesboro, N.C.-based company said. Sales rose 16% to $5.25 billion.
Lowe’s shares rose $1.44 to close at $47.49 on the NYSE.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.