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Lowe's Companies Inc. (LOW) Climbed Despite Weak Q1 Profit

Lowe's Companies Inc. (LOW) reported first quarter EPS of $1.19 Wednesday morning, compared to $0.70 a year ago. The consensus estimate was for EPS of $1.27. The company continues to expected full year EPS of $5.40 to $5.50.

Lowe's gapped up sharply Wednesday and climbed until mid-morning. The stock was range-bound for the rest of the session and closed up by 8.94 at $94.69 on above average volume. Lowe's jumped to nearly a 3-month high.

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