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Lowe's Cos. Reports Advance In Q1 Earnings

Lowe's Cos. (LOW) released a profit for its first quarter that rose from last year.

The company's profit totaled $1.05 billion, or $1.31 per share. This compares with $988 million, or $1.19 per share, in last year's first quarter.

Analysts had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $17.74 billion from $17.36 billion last year.

Lowe's Cos. earnings at a glance:

-Earnings (Q1): $1.05 Bln. vs. $988 Mln. last year.
-EPS (Q1): $1.31 vs. $1.19 last year.
-Analysts Estimate: $1.34
-Revenue (Q1): $17.74 Bln vs. $17.36 Bln last year.

Full year EPS guidance: $5.45 - $5.65

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