Lowe's swings to 4Q loss on charges, anemic housing market

ABC News | 2/23/2018 | Staff
lhumara (Posted by) Level 3
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Lowe's swung to a loss in its fourth quarter, weighed down sizeable one-time charges and a lethargic housing market.

The home improvement company lost $824 million, or $1.03 per share. That includes $1.6 billion in charges, most from a $952 million goodwill impairment charge. Stripping out the charges, earnings were 80 cents per share, a penny better than analysts polled by FactSet had...
(Excerpt) Read more at: ABC News
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