(Advertisement)

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.

This story is only available from our archives.

Business, Pages 23 on 11/20/2012

(Advertisement)



« Previous Story

Talk, judge tells Hostess, union

Kamal Moharam and his children Nadine and Kareem load their car with Wonder Bread on Friday at a Hostess Brands Inc. outlet in Sacramento, Calif. The judge overseeing the Hostess bankruptcy asked management and the baker’s union on Monday to try mediation today.

The judge who is overseeing Hostess Brands Inc.’s bankruptcy declined to approve the company’s liquidation Mon... Read »

Next Story »

Used-home sales rise in October

Sales of previously owned homes climbed in October, a sign to analysts that gains in the real-estate market are being sustained by low mortgage rates. Read »