Lowe’s sales, earnings fall in Q2

Lowe’s Cos. today reported a 5.6 percent slide in its Q2 sales. Revenues took a hit from high borrowing costs, falling to $23.59 billion. Comp sales were down 5.1 percent, more than the 4.43 percent decline expected by Wall Street, but the company reported positive comps in pro sales and e-commerce. Earnings fell by 10.1 percent to $4.10 per share, beating estimates of $3.97 per share.