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Market Update : 
Lowe's Beats Estimates
Author: Elena Todorova
123jump.com
Last Update: 10:10 AM EDT May 22 2006



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U.S. stock futures opened lower as worries about inflation and higher interest rates weighed. Sharp declines in overseas markets also generated negative sentiment. Lowe''s Cos., home improvement products retailer, reported Q1 earnings rise of 44% to $1.06 a share, up from a profit of 73 cents a share a year ago, beating estimates. Sales soared 20.3%.

 

 

 

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