Lowe’s Posts Higher 2Q Earnings Boosted By Housing Recovery

Lowe's Companies, Inc. (NYSE:LOW), the second largest home improvement retailer worldwide, reported analyst-beating second-quarter earnings.

Backed by an improved housing market, the retailer’s net income jumped 26 percent to $941 million, or 88 cents a share, up from $747 million or 64 cents, during the past year.

Beats analysts' estimates

During the last quarter, Lowe's Companies, Inc. (NYSE:LOW) exceeded the average analysts’ estimates of 79 cents, as projected in a Bloomberg survey.

The second largest home improvement retailer’s...