- The Washington Times - Thursday, March 19, 2009

MOORESVILLE, N.C. (AP) - Home-improvement retailer Lowe’s says it is comfortable reaffirming its sales and earnings outlook for its first quarter.

The company also said its February sales were in line with its own expectations.

The company generally does not give monthly sales guidance, but said it was providing some insight to investors as the result of “an inadvertent” disclosure of financial information by GE Capital, which manages Lowe’s proprietary credit-card programs.

The Mooresville company still expects earnings per share between 23 cents and 27 cents, with sales ranging from a decline of 3 percent to an increase of 1 percent for the quarter.

Thomson Reuters says analysts expect profit of 24 cents per share for the period ending May 1.



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