November 19, 2007

Lowe’s posts lower profit (Reuters)

A Lowe's store is seen in an undated handout image. Lowe's Cos Inc, the second-biggest home improvement retailer behind Home Depot Inc, said on Monday third-quarter profit fell as the softer U.S. housing market hurt sales. (Lowe's/Handout/Reuters)Reuters – Retailer Lowe’s Cos Inc said on
Monday its third-quarter profit fell 10 percent and it cut its
full-year forecast as the U.S. housing slump hurt sales,
sending its shares to a four-year low.

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