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Lowe's Lowers Outlook
- USA Today, Wednesday, August 20, 2014 9:30 AM
Lowe's reported a rise in second-quarter profit and revenue Wednesday, but lowered its earnings guidance for the year. The company said it earned $1.04 billion in the second quarter, or $1.04 a share. Wall Street analysts were expecting earnings of $1.02 a share and $16.6 billion, according to FactSet. The company's CEO, Robert A. Niblock said the company had actually expected better numbers for the second half and is therefore lowering second half sales outlook.
