Lowe’s Cos. posts earnings growth

Lowe’s Cos. reported Q2 profits of $3.02 billion, or $4.25 per share. That was up from $2.83 billion, or $3.74 per share, in the period a year prior. It was also better than the $3.74 per share projected by analysts in a Reuters survey. Revenues rose by one percent to $27.57 billion from $27.30 billion. Comp sales receded by 1.6 percent while sales to pros grew by 21 percent year-over-year.