Lowe's quarterly sales rise 2.4 pct

Wed May 21, 2014 6:09am EDT

May 21 (Reuters) - Lowe's Cos Inc reported a 2.4 percent rise in quarterly sales after a severe winter in the United States hit traffic to its home improvement stores.

Revenue rose to $13.40 billion in the first quarter ended May 2 from $13.09 billion, a year earlier.

Comparable sales increased 0.9 percent.

The company's net earnings rose to $624 million, or 61 cents per share, from $540 million, or 49 cents per share. (Reporting by Maria Ajit Thomas in Bangalore; Editing by Kirti Pandey)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.