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Lowe's(LOW Quote), noting weaker-than-expected sales and a cautious consumer outlook, said Monday that it now expects full-year earnings to be near the low end of its earlier guidance.
Last month, the home-improvement chain forecast fiscal-year earnings of $2 to $2.07 a share -- a projection that was lowered from an earlier forecast. Analysts polled by Thomson First Call currently expect earnings of $2.01 a share for the year ending in January.
The company, giving an updated outlook ahead of an analyst day Tuesday, said Monday that sales are trending below expectations. ...
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