Lowe's Companies Inc. (LOW) reported first quarter EPS of $0.43 Monday morning, compared to $0.34 in the prior year period. The consensus estimate was for EPS of $0.42. Full year 2012 EPS is now expected to be between $1.73 and $1.83, compared to prior expectations of $1.75 to $1.85. The consensus estimate is for EPS of $1.87.
Lowe's Companies gapped open sharply lower Monday and fell in early trade, before settling into a range. The stock finished down by 2.88 at $25.60 on the highest volume of the year. Lowe's has been declining for the past 2 1/2 weeks and set over a 4-month low.
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