Lowe’s gives muted outlook as it sees ‘pressure’ in home improvement spending

Lowe’s reported its second fiscal quarter results, posting net income of $2.4 billion, or $4.27 per share, which was roughly unchanged compared to the year-ago period. On an adjusted basis excluding one-time items, the company reported earnings of $4.40 per share, benefiting from tariff refunds that provided an 11 cent boost to earnings per share during the quarter.
Total sales for the quarter reached $25.96 billion, up from $23.96 billion in the prior year period. Comparable sales increa