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November 18, 2009

Lowe's looks for stronger quarter

NEW YORK (AP) — Lowe's Cos., the No. 2 home-improvement retailer, said Monday third-quarter profit fell 30 percent as consumers worried about jobs and home values spent on smaller projects like painting but held back on larger jobs.

Still, the company said some of the hardest-hit home markets are stabilizing and it expects this year's fourth quarter to be stronger than last year's.


 
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