Lowe's profit beats estimates; sees sales rising
Lowe's Cos Inc
The No. 2 U.S. home improvement chain said its fourth-quarter profit rose to $205 million, or 14 cents a share, up from $162 million, or 11 cents a share, a year earlier.
Analysts on average expected Lowe's to earn 12 cents a share, according to Thomson Reuters I/B/E/S.
Sales rose about 2 percent to $10.17 billion, beating the average estimate of about $10.01 billion.
(Reporting by Dhanya Skariachan; Editing by Derek Caney)
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