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Lowe's Cuts Guidance on Slumping DIY Demand; Shares Drop 3%

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Lowe's cut its full-year guidance towards the lower end of prior forecasts due to persistent weakness in discretionary DIY spending and a frozen housing market.
  • Second-quarter revenue slightly missed expectations at $26 billion, dragging shares down 3% in premarket trading.
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US500 price history

7619.98 +12.62% over the displayed period

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