March 1 Lowe's Cos Inc, the No. 2 U.S.
home improvement retailer, reported a 19.3 percent rise in
holiday quarter revenue on Wednesday, boosted by a strong U.S.
Sales at Lowe's stores open more than 13 months rose 5.1
percent in the fourth quarter ended Feb. 3, above the average
estimate of a rise of 2.2 percent, according to analysts polled
by research firm Consensus Metrix.
The Mooresville, North Carolina-based company's net earnings
increased to $663 million, or 74 cents per share, in the
quarter, from $11 million, or 1 cent per share, a year earlier.
Net sales rose to $15.78 billion from $13.24 billion.
(Reporting by Gayathree Ganesan in Bengaluru; Editing by Sriraj