Lowe's posts lower Q1 results, trims year forecast
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20080519/2008_05_19t125919_450x417_us_lowes.jpg?x=130&y=120&q=85&sig=_13pNO2uTGVTRLHUZMfSjQ--" align="left" height="120" width="130" alt="Two customers enter at a Lowe's store in Burbank, California May 19, 2008. Retailer Lowe's Inc reported an 18 percent drop in first-quarter profit on May 19 as the slumping U.S. housing market and softer economy hurt sales, and it cut its full-year profit forecast. (Fred Prouser/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080519/bs_nm/lowes_dc)Reuters - Retailer Lowe's Cos Inc
reported an 18 percent drop in first-quarter profit on Monday
as the slumping U.S. housing market and soft economy hurt
sales, and it cut its full-year profit forecast, sending its
shares down as much as 3 percent.</p><br clear="all"/>
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