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    Lowe’s beats Wall Street prediction with 22% profit drop (access required)

    by Associated Press

    Published: May 18,2009

    Time posted: 11:56 am

    Tags: Lowe's

    CHICAGO (AP) - Lowe's Cos. Inc. said Monday that its fiscal first-quarter profit fell 22 percent but still managed to top Wall Street's expectations as it cut prices on fewer items.The news, along with a better-than-expected second-quarter outlook and an increased full-year outlook, sent the company's shares higher in morning trading. The nation's second-biggest home-improvement chain ...





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