Reuters: Lowe's posts lower Q1 results, trims year forecast

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Lowe's posts lower Q1 results, trims year forecast
      

ATLANTA (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.
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