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Lowe’s Reports Big Miss in Fourth Quarter

The home-improvement chain’s guidance for the current fiscal year also fell short of expectations

Lowe’s Cos., the second-largest U.S. home-improvement chain, reported fourth-quarter earnings that missed analysts’ estimates by 15 percent. That’s the biggest miss the company has ever recorded, according to data compiled by Bloomberg. Shares fell after the release and are down about 3 percent on the year.

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