Lowe’s Jumps Most Since 2008 as Turnaround Bid Is Back on Track
A Lowe's Cos. store in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Lowe’s Cos. surged the most in more than 10 years as profit from the last quarter topped estimates, signaling management made progress in alleviating cost pressures that surprised investors in May and caused the stock to plunge.