Lowe’s Q2 Results Top Estimates; Backs Fy Eps Outlook, But Cuts Sales View

During the quarter, the company repurchased $1.1 billion of stock under its share repurchase program. As of August 1, 2014, Lowe’s operated 1,837 home improvement and hardware stores in the U.S., Canada and Mexico. For fiscal 2014, the company still expects earnings per share of around $2.63. Analysts project earnings of $2.61 per share for the year. Total sales are expected to grow about 4.5 percent compared to last year, and it sees comparable sales increase of around 3.5 percent. http://www.rttnews.com/story.aspx?Id=2372809

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