Business

Lowe’s 1Q results rise, but miss expectations

By Washington Examiner
Published May 21, 2014 3:35pm ET
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Lowe’s 1Q results rise, but miss expectations
This March 25, 2014 photo shows a Lowe's store in Philadelphia. Lowe's Cos. reports quarterly earnings on Wednesday, May 21, 2014. (AP Photo/Matt Rourke) | Matt Rourke

MOORESVILLE, N.C. (AP) — Home-improvement retailer Lowe’s fiscal first-quarter net income climbed 16 percent, bolstered in part by a lower tax rate.

But its revenue and its profit adjusted to exclude the effect of one-time items missed analysts’ estimates as poor weather kept customers from stores during the beginning of the key spring selling season.

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