Lowe’s shares are down almost 4% to $22.75 in the pre-market due to weak earnings.
Profits at the big retailer fell 33% to to $408 million.Sales were flat at $10.4 billion. Wall St. analysts had expected $10.85 billion.
The company also made comments about a tough 2008.
Douglas A. McIntyre
v
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
