Earnings Rise For Lowe's

Lowe's Cos. (LOW) beat expectations by 12 cents to report first quarter earnings that rose to $1.06 per share from 73 cents per share in the year ago period. However, a calendar shift that added a week to the first quarter may negatively impact second quarter results. Shares of the nation's second largest home improvement retailer dropped $2.82 to close at $59.82.