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Lowe's misses the mark on sales, earnings in first quarter

Jen Wilson
American City Business Journals
Lowe's misses the mark on sales, earnings in first quarter

The Mooresville-based retailer posted net income of $988 million, or $1.19 per diluted share, for the three months ended May 4, compared with earnings of $602 million or 70 cents per share in the comparable period a year earlier.