Lowe’s net income jumps 76%

Lower costs, fewer charges boost retailer’s 3rd quarter

Posted: November 20, 2012 at 2:52 a.m.

A customer pushes her Lowe’s purchases to her car in New York in this file photo. Lowe’s on Monday reported a third-quarter profit of $396 million.

Lowe’s Cos.’ said Monday that its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company’s efforts to revamp its merchandise and prices appeared to be gaining traction.

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Business, Pages 23 on 11/20/2012