Lowe's Faces REALITY

America's second largest home improvement store released it's earnings results this morning and they were depressing to the street. Although profits were up 11%, they still fell below analysts ecpectations. The company had a bad outlook as well, stating that they will cut their forecast for the second half of this year due to slowing housing markets and higher gas prices causing major declines. I feel for Lowe's; hey, at least they're not putting on a front, trying to hide the fact that economics is not affecting the company. Other companies need to step up and maybe this will trigger some sort of response to the government to improve. Leave a comment.