Lowe’s profit surges 76 percent
Lowe’s Cos.’ quarterly profit rose 76 percent as the home-improvement retailer’s revenue edged up amid efforts to revamp merchandise and pricing. Lower costs also helped. Adjusted earnings of 40 cents per share beat the 36 cents analysts predicted in a FactSet poll. Revenue rose 2 percent to $12.07 billion. Revenue at stores open at least a year rose 1.8 percent.