Are You in Florida for Spring Training? Come meet Globe Sports Writers Nick Cafardo and Peter Abraham! Click for more info.

Market Movers

Lowe’s profit surges 76 percent

Lowe’s and its bigger rival, Home Depot, benefited from disaster-preparation sales as Hurricane Sandy approached. Current-quarter sales are apt to rise as homeowners repair their properties and the housing market rebounds.

Seth Wenig/Associated Press

Lowe’s and its bigger rival, Home Depot, benefited from disaster-preparation sales as Hurricane Sandy approached. Current-quarter sales are apt to rise as homeowners repair their properties and the housing market rebounds.

Continue reading below

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.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com