At home improvement retailer
Lowes Companies Inc. (
NYSE: LOW,
Stock Forum), the housing market recovery helped push fiscal fourth-quarter net income up six per cent to $306 million or 29 cents a share.
Ex-items, earnings were 31 cents per share,
the company said in a press release. This matched expectations.
Revenue rose six per cent to $11.66 billion, slightly missing forecasts of $11.67 billion but its shares ran up $1.44 to $49.55.