Lowe's Q1 profit jumps 14%

Pacific Business News Lowe’s Cos. Inc. reported a profit of $527 million, or 43 cents per diluted share, for its first fiscal quarter, which ended May 4, a 14-percent increase from the same quarter in 2011. The Charlotte Business Journal reports North Carolina-based Lowe's (NYSE: LOW) also lowed its earnings forecast for the full fiscal year to $1.73 to $1.83 per diluted share, from a previous projected range of $1.75 to $1.85. Lowe's has four stores in Hawaii. See all your followed company news on your personalized dashboard. To access the full benefits of bizWatch and receive a weekly