Lowe's Maintains Earnings, Revenue Estimates

Mooresville, NC, Dec. 6, 2011 -- Lowe's maintained its earnings and revenue forecasts for fiscal year 2011 as the home center operator works on a strategic shift.

Lowe's said in November that it was moving toward an "everyday low price" philosophy as consumers delay expensive home improvement projects.

The company still expects earnings between $1.37 and $1.40 per share for the year ending on Feb. 3.

The company also expects revenue in stores open at least a year, a key retail measure that excludes stores newly opened or closed, to fall 15.