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Empresas y finanzas

Lowe's profit rises 6 percent


    (Reuters) - Lowe's Cos Inc , the No. 2 U.S. home improvement retailer, reported a 6.3 percent rise in quarterly profit, helped by a nearly 4 percent rise in same-store sales.

    The company said net income rose to $306 million, or 29 cents per share in the fourth quarter ended January 31 from $288 million, or 26 cents per share, a year earlier.

    Sales rose 5.6 percent to $11.66 billion.

    Lowe's also said its board has authorized an additional $5 billion share repurchase program.

    (Reporting by Maria Ajit Thomas in Bangalore; Editing by Joyjeet Das)