November 19, 2012 at 11:10 AM EST
Lowe's Beat, But Growth Still Shy Of Rival Home Depot
Home improvement giant Lowe's (LOW) posted stronger than expected third-quarter results on lower costs and some gaining momentum of its new pricing strategy. Lowe's posted Q3 earnings of 40 cents per share after backing out one-time charges. Analysts were forecasting 35 cents. Revenue rose 2% to $12.07 billion, beating analysts' expectations for $11.93 billion. The No. 2 home-improvement chain said sales at stores open at least a year climbed
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