Lowe’s issues earnings warning
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From Times Wire Services
Lowe’s Cos., the second-largest U.S. home improvement retailer, said earnings this year might be below its previous forecast of $1.97 to $2.01 a share because dry conditions in parts of the mid-Atlantic, Southeastern and Western U.S. slowed sales of outdoor and garden products.
Lowe’s shares fell as much as 6.7% after U.S. markets closed.
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