Lowe's quarterly profit tops analysts' estimates

Published February 25, 2013

| Reuters

Lowe's Cos Inc's quarterly profit beat analysts' estimates as rebuilding efforts following Hurricane Sandy and the retailer's own product selection improvements helped sales.

The world`s second-largest home improvement retailer said its net earnings were $288 million, or 26 cents a share, in the fourth quarter ended on February 1, compared with $322 million, or 26 cents a share, a year earlier.

Analysts on average were looking for a profit of 23 cents a share, according to Thomson Reuters I/B/E/S.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)

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