It was announced today that Lowes earnings for first quarter climbed 44 percent while revenue rose 20 percent.

Analysts expected a profit of 94 cents a share on revenue of $11.84 billion. But Lowes made a profit of $1.06 per share on revenue of $11.92 billion.

So here is the question! With Lowes earnings rising like that, why has Lowes stock dropped over 4% today?

Posted by Rob in News on May 22nd, 2006 |