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Earnings Analysis: 
Lowe's Sees Earnings Surge
Author: George Shopov
123jump.com


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Lowe's, the world’s second-largest home improvement retailer, posted a 28% rise in its fourth-quarter profit, driven by strong revenue growth. The company said it also benefited from its move into large U.S. markets.

 
QUALCOMM Incorporated (QCOM: chart) of San Diego, California, lifted Monday its quarterly profit target on strong demand for its products. The wireless communications technology company said it now expects net earnings of 47 cents to 49 cents per share, for its second quarter. Qualcomm had previously projected a profit of 34 cents to 37 cents per share.

The stock closed Monday at $62.43, up $3.03, or 5.10%. Qualcomm shares shed 13 cents to $62.30 in after-hours trading.
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