Storm Sends Lowe's Sales, Income Higher
Mooresville, NC, Nov. 19, 2012 -- Lowe's reported third quarter net income rose to $396 million, or $0.35 per share, from $225 million, or $0.18 per share, a year earlier.
Preparation and rebuilding due to superstorm Sandy increased sales, the company said.
Sales rose 1.9% to $12.1 billion in the third quarter ended November 2, ahead of the expected $11.9 billion.
Sales at stores open at least year rose 1.8%.