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Lowe's 3Q net income climbs on fewer charges

November 19, 2012

NEW YORK -- Lowe's Cos.' said Monday that its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company's efforts to revamp its merchandise and prices appeared to be gaining traction. Its adjusted earnings without charges and its revenue both beat Wall Street forecasts. Its shares rose more than 7 percent in morning trading Monday.

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