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Business : Lowe's reaffirms 2009 guidance, may see charges

Posted by admin on 2009/9/22 8:37:42 (260 reads)

Lowe's is reaffirming its fiscal 2009 profit and sales forecasts and may write off up to $100 million during the second half of the year.

The Mooresville, N.C.-based home improvement company said Tuesday it still expects full-year earnings of $1.13 to $1.21 per share, with sales down about 3 percent.

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