were dropping in preopen trading after the home improvement retailer this morning said it expects same-store sales to fall short of expectations in the third quarter. Lately the shares were quoted as $39.50 on
, down from yesterday's close at $42.13.
The company said it is comfortable with the
First Call/Thomson Financial
earnings consensus estimate for 53 cents a share. Lowe's blamed weakening lumber and building materials prices (yup, if you're a consumer walking the aisles there, you're going to be paying less) and a change in merchandise in some of its chain stores.